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Transaction Analysis: A Framework and an Application to Insurance Decisons

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  • Fischhoff, Baruch

Abstract

Creating or interpreting people's choices requires attention to a great many details. A framework initially presented in this journal (Fischhoff and Furby, 1988) specifies those details. It is applied here to several insurance-related choices appearing in Johnson, et al. (1993) and elsewhere. These specific applications suggest alternative explanations for the results of these studies. The approach as a whole provides an alternative perspective regarding reliance on experiments and markets to study people's preferences. Copyright 1993 by Kluwer Academic Publishers

Suggested Citation

  • Fischhoff, Baruch, 1993. "Transaction Analysis: A Framework and an Application to Insurance Decisons," Journal of Risk and Uncertainty, Springer, vol. 7(1), pages 53-69, August.
    • Handle: RePEc:kap:jrisku:v:7:y:1993:i:1:p:53-69
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    Cited by:

    1. Lester Lave & Jay Apt, 2006. "Planning for natural disasters in a stochastic world," Journal of Risk and Uncertainty, Springer, vol. 33(1), pages 117-130, September.

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