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Automobile risk perceptions and insurance-purchasing decisions in Japan and the United States

Author

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  • Hiroshi Hayakawa
  • Paul S Fischbeck
  • Baruch Fischhoff

Abstract

Cross-cultural differences of risk perceptions and insurance-purchasing decisions in Japan and the United States were examined by looking at one common risk, automobile accidents. In-depth interviews with 42 Japanese subjects were conducted in the city of Kasukabe, Japan, in June and July 1997. Their responses were compared with those of 74 US subjects from Western Pennsylvania (Austin, 1996). Systematic differences were observed in reasons given for having automobile insurance, judged probabilities of accidents, and judged probabilities of being at fault. These differences are examined in terms of cultural, driving, and market factors.

Suggested Citation

  • Hiroshi Hayakawa & Paul S Fischbeck & Baruch Fischhoff, 2000. "Automobile risk perceptions and insurance-purchasing decisions in Japan and the United States," Journal of Risk Research, Taylor & Francis Journals, vol. 3(1), pages 51-67, January.
  • Handle: RePEc:taf:jriskr:v:3:y:2000:i:1:p:51-67
    DOI: 10.1080/136698700376707
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    Cited by:

    1. Amarjit Gill & Harvinder S. Mand & Afshin Amiraslany & Neil Mathur, 2021. "Risk of investment losses from operations and casualties and insurance coverage decisions," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 20(3), pages 265-285, December.
    2. Joan Costa-Font & Montserrat Costa-Font, 2011. "Explaining Optimistic Old Age Disability and Longevity Expectations," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 104(3), pages 533-544, December.
    3. Danish Farooq & Sarbast Moslem & Rana Faisal Tufail & Omid Ghorbanzadeh & Szabolcs Duleba & Ahsen Maqsoom & Thomas Blaschke, 2020. "Analyzing the Importance of Driver Behavior Criteria Related to Road Safety for Different Driving Cultures," IJERPH, MDPI, vol. 17(6), pages 1-14, March.

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