Use of Insurance Against a Small Loss as an Incentive Strategy.
Meeker D, Thompson C, Strylewicz G, Knight T, Doctor J. Use of Insurance Against a Small Loss as an Incentive Strategy. Decision Analysis 2015, 12: 122-129. PMID: 26966422, PMCID: PMC4782799, DOI: 10.1287/deca.2015.0314.Peer-Reviewed Original ResearchDecisions of individualsUse of insuranceLoss aversionInsurance guaranteesIncentive designDecision utilityPayment conditionsBehavioral insightsInsurance interventionsPowerful incentiveCertainty effectExtended warrantyIncentive strategiesInsurancePaymentsProbability weightingIncentivesAversionSmall lossBonusSmall chanceBehavior uptakeHealthy choicesChoiceSame behavioral effects