文章基本信息

标题：A note on quasi-hyperbolic discounting, risk aversion, and the demand for insurance
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作者：Mathias Kifmann ; Kerstin Roeder ; Clarissa Schumacher 等
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2014
卷号：34
期号：2
出版社：Economics Bulletin
摘要：We show that quasi-hyperbolic discounting not only affects savings decisions but also the demand for insurance. In general, insurance demand by quasi-hyperbolic discounters is time-inconsistent. Without liquidity constraints they buy more insurance than initially planned. In the presence of binding liquidity constraints, hyperbolic discounters tend to revise their insurance demand downwards.
关键词：Insurance demand ; quasi-hyperbolic discounting ; liquidity constraints ; risk aversion