منابع مشابه
Narrow Framing and Long-Term Care Insurance
We propose a model of narrow framing in insurance and test it using data from a new module we designed and fielded in the Health and Retirement Study. We show that respondents subject to narrow framing are substantially less likely to buy long-term care insurance than average. This effect is distinct from, and much larger than, the effects of cautiousness, risk aversion, or adverse selection, a...
متن کاملNarrow Framing and Impatience∗
We hypothesize that the tendency to frame narrowly is related to an individual’s time preference. To test this, we confront a large sample of the Dutch population with a series of incentivized investment decisions and elicit time preferences. We find that the tendency to frame narrowly is not generally related to discount rates. At the same time, we find that it is easier to induce impatient in...
متن کاملCommentary - Accountable Care Organizations and Narrow Network Insurance Plans.
Rapid medical care cost growth is one of the primary economic and fiscal challenges that policy makers wrestle with in the Unites States. Nationwide, medical expenses have grown at a rate approximately double the rate of inflation over the past two decades, in part due to price increases, in part due to quantity increases, and in part due to the introduction of new medical technologies. Medical...
متن کاملNarrow Framing: Professions, Sophistication and Experience
We document support for the narrow framing effect proposed by Kahneman and Tversky (1981). Our findings that traders in an options market frame complicated investment decisions into the simpler ones support the narrow framing effect. Traders’ professionalism, sophistication and trading experience are negatively related with the degree of narrow framing, implying that these factors help to reduc...
متن کاملA Test of Narrow Framing and its Origin
I provide a test of narrow framing to explain why individuals turn down small positive expected value lotteries. Participants in a large survey have been asked whether they would accept a small lottery of winning 180 euros with probability of 1/2 or losing 100 euros with the same probability. To half of the sample, randomly selected, the lottery question was asked at the beginning of the interv...
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ژورنال
عنوان ژورنال: Journal of Risk and Insurance
سال: 2019
ISSN: 0022-4367,1539-6975
DOI: 10.1111/jori.12290