Article ID Journal Published Year Pages File Type
7243743 Journal of Economic Behavior & Organization 2013 17 Pages PDF
Abstract
► Whether overconfidence matters depends in insurance markets on the market structure. ► Overconfidence overturns relations between observable variables under perfect-competition. ► Under monopoly, overconfidence is equivalent to changes in the risk composition. ► Some insights from previous behavioral economics studies may also be reversed.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Overconfidence and asymmetric information: The case of insurance
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