Affection Effect of Insurance Claim Decisions for Korean College Students

• 발행기관: 한국자료분석학회
• 저자명: Jung Young Jeong Tae-Yeong Choi
• 간행물 정보: 『Journal of The Korean Data Analysis Society (JKDAS)』Vol.14 No.4, 1803~1811쪽, 전체 9쪽
• 주제분류: 자연과학 > 통계학
• 파일형태: PDF
• 발행일자: 2012.08.30

영문 초록

This paper attempts to examine the affection effect or consolation hypothesis on insurance claim decisions in Hsee and Kunreuther (2000) for Korean college students. We extend their paper by considering gender, grade, age and monthly family income. The affection is measured by the number of hours that one is willing to drive or travel to collect the compensations for the lost or damaged item. The results support the consolation hypothesis for affection and grade. This implies that the participants in high affection group are willing to drive or travel more hours to collect the compensation for damaged or lost items than those in low affection group. This also implies that the students in lower grade tend to spend more hours to claim the compensation for damaged or lost items than those in higher grade. The interdependence between affection and grade is the source of the significant interaction.

목차

1. Introduction

2. Theoretical Framework

3. Financial Experiment

4. Experimental Results

5. Conclusion

References

키워드

Affection Effect Consolation Hypothesis Insurance Claim Decisions