BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//BxSE - ECPv6.16.4.1//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-ORIGINAL-URL:https://www.bse.u-bordeaux.fr
X-WR-CALDESC:Évènements pour BxSE
REFRESH-INTERVAL;VALUE=DURATION:PT1H
X-Robots-Tag:noindex
X-PUBLISHED-TTL:PT1H
BEGIN:VTIMEZONE
TZID:Europe/Paris
BEGIN:DAYLIGHT
TZOFFSETFROM:+0100
TZOFFSETTO:+0200
TZNAME:CEST
DTSTART:20180325T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0200
TZOFFSETTO:+0100
TZNAME:CET
DTSTART:20181028T010000
END:STANDARD
BEGIN:DAYLIGHT
TZOFFSETFROM:+0100
TZOFFSETTO:+0200
TZNAME:CEST
DTSTART:20190331T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0200
TZOFFSETTO:+0100
TZNAME:CET
DTSTART:20191027T010000
END:STANDARD
BEGIN:DAYLIGHT
TZOFFSETFROM:+0100
TZOFFSETTO:+0200
TZNAME:CEST
DTSTART:20200329T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0200
TZOFFSETTO:+0100
TZNAME:CET
DTSTART:20201025T010000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=Europe/Paris:20190322T153000
DTEND;TZID=Europe/Paris:20190322T163000
DTSTAMP:20190702T080450Z
CREATED:20190702T073354Z
LAST-MODIFIED:20190702T080450Z
UID:2485-1553268600-1553272200@www.bse.u-bordeaux.fr
SUMMARY:Séminaire GREThA: Michael Carter
DESCRIPTION:Agenda > Tous les événements\nMichael Carter\nDepartment of Agricultural and Resource Economics University of California\, Davis\n\n \n« INSURANCE CONTRACTS WHEN INDIVIDUALS “GREATLY VALUE” CERTAINTY: RESULTS FROM A FIELD EXPERIMENT IN BURKINA FASO »\n(Co authors : Elena Serfilippi\, Catherine Guirkinger) \nAbstract: In discussing the paradoxical violation of expected utility theory that now bears his name\, Maurice Allais noted that individuals tend to “greatly value” payoffs that are certain. Allais’ observation would seem to imply that people will undervalue insurance relative to the predictions of expected utility theory because as conventionally constructed\, insurance offers an uncertain benefit in exchange for a certain cost that certainty-loving individuals will overvalue. Pursuing this logic\, we implemented insurance games with cotton farmers in Burkina Faso. On average\, farmer willingness to pay for insurance increases significantly when a premium rebate framing is used to render both costs and benefits of insurance uncertain. We show that the impact of the rebate frame on the willingness to pay for insurance is driven by those farmers who exhibit a well-defined discontinuous preference for certainty\, a concept that we adapt from the u-v model of utility and measure with a novel behavioral experiment. Given that the potential impacts of insurance for small scale farmers are high\, and yet demand for conventionally framed contracts is often low\, the insights from this paper suggest welfare-enhancing ways of designing insurance for low-income farmers.
URL:https://www.bse.u-bordeaux.fr/agenda/seminaire-gretha-michael-carter/
LOCATION:Salle Manon Cormier\, Univ. Bordeaux\, 16 Avenue Léon Duguit\,\, Pessac\, 33600
END:VEVENT
END:VCALENDAR