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Deciding Whether to Invest in Mitigation Measures: Evidence From Florida
Author(s) -
Carson James M.,
McCullough Kathleen A.,
Pooser David M.
Publication year - 2013
Publication title -
journal of risk and insurance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.055
H-Index - 63
eISSN - 1539-6975
pISSN - 0022-4367
DOI - 10.1111/j.1539-6975.2012.01484.x
Subject(s) - actuarial science , risk aversion (psychology) , empirical evidence , business , economics , expected utility hypothesis , financial economics , philosophy , epistemology
A bstract Prior research provides theoretical insight into factors likely to impact the decision to mitigate such as the degree of risk aversion, the cost of market insurance, and the cost of self‐insurance. We provide empirical evidence related to several hypotheses from the self‐insurance literature on the decision to mitigate.