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Does self-protection affect individuals’ insurance choice? An experimental study
[¿Influye la autoprotección en la elección del seguro? Un estudio experimental]

Author

Listed:
  • Claire Mouminoux

    (BETA - Bureau d'Économie Théorique et Appliquée - AgroParisTech - UNISTRA - Université de Strasbourg - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement)

  • Morgane Plantier

    (LéP [Poitiers] - Laboratoire d'économie de Poitiers - UP - Université de Poitiers = University of Poitiers)

  • Jean-Louis Rullière

    (LSAF - Laboratoire de Sciences Actuarielle et Financière - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon)

Abstract

Based on lab experiment, this study analyzes whether introducing a self-protection mechanism to reduce the loss probability affects individuals' insurance choices. The experimental evidence shows that the possibility of a posteriori self-protection encourages policyholders to choose lower levels of coverage, which reveals their preference for self-protection to mitigate their risk. However, this attraction to self-protection option does not turn into real action revealing an inconsistency of choices: individuals who deliberately choose to be less insured when a self-protection option is available do not subsequently engage in more self-protection efforts afterwards.

Suggested Citation

  • Claire Mouminoux & Morgane Plantier & Jean-Louis Rullière, 2024. "Does self-protection affect individuals’ insurance choice? An experimental study [¿Influye la autoprotección en la elección del seguro? Un estudio experimental]," Post-Print hal-04979167, HAL.
    • Handle: RePEc:hal:journl:hal-04979167
    DOI: 10.3917/reco.755.1043
    as

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