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Article Dans Une Revue The Economic Journal Année : 2013

The Effect of Ambiguity Aversion on Insurance and Self-protection

Résumé

In this paper, we derive a set of simple conditions such that ambiguity aversion always raises the demand for self-insurance and the insurance coverage, but decreases the demand for self-protection. We also characterize the optimal insurance design under ambiguity aversion, and exhibit a case in which the straight deductible contract is optimal as in the expected utility model.
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hal-02646802 , version 1 (29-05-2020)

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David Alary, Christian Gollier, Nicolas N. Treich. The Effect of Ambiguity Aversion on Insurance and Self-protection. The Economic Journal, 2013, 123 (573), pp.1188-1202. ⟨10.1111/ecoj.12035⟩. ⟨hal-02646802⟩
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