Risk Preferences and Demand for Insurance in Peru: A Field Experiment

Preprint OPEN
Francisco Galarza; Michael Carter;
(2010)
  • Subject: Area-yield insurance, Credit, Covariate risk, Idiosyncratic risk, Risk aversion, Experimental economics, Peru | area-yield insurance, credit, covariate risk, idiosyncratic risk, risk aversion, experimental economics, Peru, Risk and Uncertainty, C93, D81,
    • jel: jel:G11 | jel:G22 | jel:G32

"This paper reports the results of behavioral economic experiments conducted in Peru to examine the relationship amongst risk preferences, loan take-up, and insurance purchase decisions. This area-based yield insurance can help reduce people's vulnerability to large sca... View more
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