This paper presents a framework‐based systematic review of existing research to
understand the purchase behaviour of consumers for life insurance products. The TCM …

The purpose of this article is to review the literature on three prominent theories in consumer
financial behavior. The theories are the life‐cycle theory, prospect theory, and theory of …

Though the majority of Americans report they are financially stable, they do not have
sufficient savings to handle an unplanned emergency. There appears to be a disconnect …

Determinants of risk attitudes of individuals are of great interest in the growing area of
behavioral economics that focuses on the individual attributes, psychological or otherwise …

Past studies typically have focused on whether people perceive more rare risk after
experiencing catastrophic disasters. We show that people can also feel less risk with …

This study assesses the level of financial vulnerability of Indonesian households using data
from the Household's Balance Sheet Survey (Survei Neraca Rumah Tangga/SNRT) 2016 …

Prior research suggests that neither the choice to own life insurance nor the amount
purchased is consistently related to the presence of children in the household. While these …

The life insurance industry has experienced phenomenal growth over the years. The broad
aim of this study was to establish the variables that influence the demand for life insurance in …

The analysis of individuals' current life stages is a powerful approach for identifying und
understanding patterns of human behavior. Different stages imply different preferences and …

Purpose The authors draw on psychological reactance theory, collective mental
programming, psychological profiles and financial vulnerability experiences to assess the …