This paper reviews the puzzles of insurance demand, and provides an overview of
behavioural-based explanations on the concept of underinsurance. In particular, the study …

This study focuses on drivers for changing urban flood risk. We suggest a framework for
guiding climate change adaptation action concerning flood risk and manageability in cities …

This paper provides a systematic review of the literature on 80 experimental, hypothetical
survey and market data studies of insurance demand against low‐probability/high‐impact …

This paper advances scholarly debate on the contradictions of environmental risk
management measures by analyzing the determinants of flood insurance coverage among a …

Little is known about why individuals place either a high or a very low value on mitigating
risks of disaster‐type events, like floods. This study uses panel data methods to explore the …

This paper compares the effects of two types of behaviorally informed policy–nudges and
boosts–that are designed to increase consumer demand for insurance against low …

In economics it has traditionally been assumed that people make all their decisions like the
so‐called homo oeconomicus–that is, maximizing (expected) utility of total wealth. In recent …

Are people neglecting natural hazards' risk? The two main mental accounts of how
laypeople judge natural hazard risks are the availability heuristic and the affect heuristic …

This article investigates how a particular type of personal experience—“no‐loss” experience
with minor earthquakes—affects financial decisions such as insurance purchases. We find a …

The literature documents that individual behavior and climatic change have recently been
given more and more space in the definition of company strategies. However, in terms of …