Contents: Journal of Risk and Insurance 1/2016

• DOI: http://doi.org/10.1111/jori.12111
• Published date: 01 January 2016
• Date: 01 January 2016

CONTENTS

A Note From the Editor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

FEATURED ARTICLE

Consumer-Directed Health Plans: A Review of the Evidence . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

M. Kate Bundorf

SYMPOSIUM ON THE METHODOLOGIES OF BEHAVIORAL INSURANCE

Introduction: Symposium on the Methodologies of Behavioral Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43

Glenn W. Harrison

Andreas Richter

Willingness to Pay for Insurance in Denmark . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49

Jan V. Hansen

Rasmus H. Jacobsen

Morten I. Lau

Insurance Demand Under Prospect Theory: A Graphical Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77

Ulrich Schmidt

Evaluating the Expected Welfare Gain from Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 91

Glenn W. Harrison

Jia Min Ng

The Dynamics of Microinsurance Demand in Developing Countries Under Liquidity Constraints

and Insurer Default Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 121

Yanyan Liu

Robert J. Myers

Framing and Claiming: How Information-Framing Affects Expected Social Security

Claiming Behavior . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 139

Jeffrey R. Brown

Arie Kapteyn

Olivia S. Mitchell

Multiple Reference Points and the Demand for Principal-Protected Life Annuities: An Experimental

Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 163

Christian Knoller

Hidden Regret in Insurance Markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 181

Rachel J. Huang

Alexander Muermann

Larry Y. Tzeng

Hypothetical Surveys and Experimental Studies of Insurance Demand: A Review . . . . . . . . . . . . . . . . . . . . . . 217

Johannes G. Jaspersen

3