Get quick answers to your questions about the article from our AI researcher chatbot
{'id': 'https://openalex.org/W3124073586', 'doi': None, 'title': 'Regulating Consumer Demand in Insurance Markets', 'display_name': 'Regulating Consumer Demand in Insurance Markets', 'publication_year': 2010, 'publication_date': '2010-09-01', 'ids': {'openalex': 'https://openalex.org/W3124073586', 'mag': '3124073586'}, 'language': 'en', 'primary_location': {'is_oa': False, 'landing_page_url': 'https://repub.eur.nl/pub/20728/ELR_2010-1_04_Regulating_Consumer_Demand_in_Insurance_Markets.pdf', 'pdf_url': None, 'source': {'id': 'https://openalex.org/S2764737098', 'display_name': 'Erasmus Law Review', 'issn_l': '2210-2671', 'issn': ['2210-2671'], 'is_oa': True, 'is_in_doaj': True, 'is_core': False, 'host_organization': 'https://openalex.org/P4310319987', 'host_organization_name': 'Uitgeverij Boom', 'host_organization_lineage': ['https://openalex.org/P4310319987'], 'host_organization_lineage_names': ['Uitgeverij Boom'], 'type': 'journal'}, 'license': None, 'license_id': None, 'version': None, 'is_accepted': False, 'is_published': False}, 'type': 'article', 'type_crossref': 'journal-article', 'indexed_in': [], 'open_access': {'is_oa': False, 'oa_status': 'closed', 'oa_url': None, 'any_repository_has_fulltext': False}, 'authorships': [{'author_position': 'first', 'author': {'id': 'https://openalex.org/A5063182470', 'display_name': 'Daniel Schwarcz', 'orcid': 'https://orcid.org/0009-0002-5019-4096'}, 'institutions': [], 'countries': [], 'is_corresponding': True, 'raw_author_name': 'Daniel Schwarcz', 'raw_affiliation_strings': ['Academics (Law)'], 'affiliations': [{'raw_affiliation_string': 'Academics (Law)', 'institution_ids': []}]}], 'institution_assertions': [], 'countries_distinct_count': 0, 'institutions_distinct_count': 0, 'corresponding_author_ids': ['https://openalex.org/A5063182470'], 'corresponding_institution_ids': [], 'apc_list': {'value': 0, 'currency': 'USD', 'value_usd': 0, 'provenance': 'doaj'}, 'apc_paid': None, 'fwci': 2.603, 'has_fulltext': False, 'cited_by_count': 9, 'citation_normalized_percentile': {'value': 0.851475, 'is_in_top_1_percent': False, 'is_in_top_10_percent': False}, 'cited_by_percentile_year': {'min': 83, 'max': 84}, 'biblio': {'volume': '3', 'issue': '1', 'first_page': '23', 'last_page': '45'}, 'is_retracted': False, 'is_paratext': False, 'primary_topic': {'id': 'https://openalex.org/T11762', 'display_name': 'Law, Economics, and Judicial Systems', 'score': 0.9353, 'subfield': {'id': 'https://openalex.org/subfields/2002', 'display_name': 'Economics and Econometrics'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, 'topics': [{'id': 'https://openalex.org/T11762', 'display_name': 'Law, Economics, and Judicial Systems', 'score': 0.9353, 'subfield': {'id': 'https://openalex.org/subfields/2002', 'display_name': 'Economics and Econometrics'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, {'id': 'https://openalex.org/T13138', 'display_name': 'Legal and Constitutional Studies', 'score': 0.9189, 'subfield': {'id': 'https://openalex.org/subfields/2002', 'display_name': 'Economics and Econometrics'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}], 'keywords': [{'id': 'https://openalex.org/keywords/paternalism', 'display_name': 'Paternalism', 'score': 0.4595048}, {'id': 'https://openalex.org/keywords/risk-aversion', 'display_name': 'Risk Aversion', 'score': 0.42804357}, {'id': 'https://openalex.org/keywords/consumer-behaviour', 'display_name': 'Consumer behaviour', 'score': 0.4126397}], 'concepts': [{'id': 'https://openalex.org/C162324750', 'wikidata': 'https://www.wikidata.org/wiki/Q8134', 'display_name': 'Economics', 'level': 0, 'score': 0.521924}, {'id': 'https://openalex.org/C68799949', 'wikidata': 'https://www.wikidata.org/wiki/Q977871', 'display_name': 'Insurance policy', 'level': 2, 'score': 0.48482692}, {'id': 'https://openalex.org/C162118730', 'wikidata': 'https://www.wikidata.org/wiki/Q1128453', 'display_name': 'Actuarial science', 'level': 1, 'score': 0.48075363}, {'id': 'https://openalex.org/C50817715', 'wikidata': 'https://www.wikidata.org/wiki/Q79895177', 'display_name': 'Regret', 'level': 2, 'score': 0.4789351}, {'id': 'https://openalex.org/C29513703', 'wikidata': 'https://www.wikidata.org/wiki/Q6398174', 'display_name': 'Key person insurance', 'level': 3, 'score': 0.47121233}, {'id': 'https://openalex.org/C44725695', 'wikidata': 'https://www.wikidata.org/wiki/Q288156', 'display_name': 'Normative', 'level': 2, 'score': 0.4678985}, {'id': 'https://openalex.org/C27415008', 'wikidata': 'https://www.wikidata.org/wiki/Q7256382', 'display_name': 'Psychological intervention', 'level': 2, 'score': 0.46057725}, {'id': 'https://openalex.org/C2679804', 'wikidata': 'https://www.wikidata.org/wiki/Q58434', 'display_name': 'Paternalism', 'level': 2, 'score': 0.4595048}, {'id': 'https://openalex.org/C129915516', 'wikidata': 'https://www.wikidata.org/wiki/Q17083550', 'display_name': 'Risk aversion (psychology)', 'level': 3, 'score': 0.42804357}, {'id': 'https://openalex.org/C96535974', 'wikidata': 'https://www.wikidata.org/wiki/Q1351914', 'display_name': 'Risk pool', 'level': 4, 'score': 0.42377216}, {'id': 'https://openalex.org/C23213687', 'wikidata': 'https://www.wikidata.org/wiki/Q301468', 'display_name': 'Consumer behaviour', 'level': 2, 'score': 0.4126397}, {'id': 'https://openalex.org/C144133560', 'wikidata': 'https://www.wikidata.org/wiki/Q4830453', 'display_name': 'Business', 'level': 0, 'score': 0.34466937}, {'id': 'https://openalex.org/C205706631', 'wikidata': 'https://www.wikidata.org/wiki/Q2319304', 'display_name': 'Expected utility hypothesis', 'level': 2, 'score': 0.3285911}, {'id': 'https://openalex.org/C162853370', 'wikidata': 'https://www.wikidata.org/wiki/Q39809', 'display_name': 'Marketing', 'level': 1, 'score': 0.23811793}, {'id': 'https://openalex.org/C106159729', 'wikidata': 'https://www.wikidata.org/wiki/Q2294553', 'display_name': 'Financial economics', 'level': 1, 'score': 0.12095904}, {'id': 'https://openalex.org/C15744967', 'wikidata': 'https://www.wikidata.org/wiki/Q9418', 'display_name': 'Psychology', 'level': 0, 'score': 0.11700684}, {'id': 'https://openalex.org/C34447519', 'wikidata': 'https://www.wikidata.org/wiki/Q179522', 'display_name': 'Market economy', 'level': 1, 'score': 0.0}, {'id': 'https://openalex.org/C138885662', 'wikidata': 'https://www.wikidata.org/wiki/Q5891', 'display_name': 'Philosophy', 'level': 0, 'score': 0.0}, {'id': 'https://openalex.org/C111472728', 'wikidata': 'https://www.wikidata.org/wiki/Q9471', 'display_name': 'Epistemology', 'level': 1, 'score': 0.0}, {'id': 'https://openalex.org/C119857082', 'wikidata': 'https://www.wikidata.org/wiki/Q2539', 'display_name': 'Machine learning', 'level': 1, 'score': 0.0}, {'id': 'https://openalex.org/C118552586', 'wikidata': 'https://www.wikidata.org/wiki/Q7867', 'display_name': 'Psychiatry', 'level': 1, 'score': 0.0}, {'id': 'https://openalex.org/C41008148', 'wikidata': 'https://www.wikidata.org/wiki/Q21198', 'display_name': 'Computer science', 'level': 0, 'score': 0.0}], 'mesh': [], 'locations_count': 1, 'locations': [{'is_oa': False, 'landing_page_url': 'https://repub.eur.nl/pub/20728/ELR_2010-1_04_Regulating_Consumer_Demand_in_Insurance_Markets.pdf', 'pdf_url': None, 'source': {'id': 'https://openalex.org/S2764737098', 'display_name': 'Erasmus Law Review', 'issn_l': '2210-2671', 'issn': ['2210-2671'], 'is_oa': True, 'is_in_doaj': True, 'is_core': False, 'host_organization': 'https://openalex.org/P4310319987', 'host_organization_name': 'Uitgeverij Boom', 'host_organization_lineage': ['https://openalex.org/P4310319987'], 'host_organization_lineage_names': ['Uitgeverij Boom'], 'type': 'journal'}, 'license': None, 'license_id': None, 'version': None, 'is_accepted': False, 'is_published': False}], 'best_oa_location': None, 'sustainable_development_goals': [{'display_name': 'Peace, justice, and strong institutions', 'id': 'https://metadata.un.org/sdg/16', 'score': 0.57}], 'grants': [], 'datasets': [], 'versions': [], 'referenced_works_count': 0, 'referenced_works': [], 'related_works': ['https://openalex.org/W594162014', 'https://openalex.org/W347995922', 'https://openalex.org/W332251785', 'https://openalex.org/W3121515897', 'https://openalex.org/W300779831', 'https://openalex.org/W2906740393', 'https://openalex.org/W261921277', 'https://openalex.org/W2557194386', 'https://openalex.org/W2478260431', 'https://openalex.org/W2283126021', 'https://openalex.org/W2214746666', 'https://openalex.org/W2209728939', 'https://openalex.org/W2177153412', 'https://openalex.org/W2098302449', 'https://openalex.org/W2045751426', 'https://openalex.org/W1993686803', 'https://openalex.org/W1963916300', 'https://openalex.org/W189113937', 'https://openalex.org/W1545640635', 'https://openalex.org/W1489676640'], 'abstract_inverted_index': {'In': [0, 132], 'recent': [1, 354], 'years': [2, 355], 'it': [3], 'has': [4], 'become': [5, 350], 'increasingly': [6, 351], 'clear': [7, 352], 'that': [8, 69, 85, 120, 175, 212, 215, 252, 286, 356], 'risk': [9, 25, 188, 261, 320, 357, 374], 'aversion': [10, 262, 358], 'cannot': [11, 360], 'by': [12, 260, 308], 'itself': [13], 'explain': [14, 361], 'how': [15, 362], 'and': [16, 46, 95, 148, 230, 363], 'why': [17, 364], 'individuals': [18, 27, 365], 'purchase': [19, 30, 38, 254, 275, 366], 'insurance.': [20, 367], 'From': [21, 98, 369], 'the': [22, 59, 78, 83, 114, 117, 201, 253, 295, 314, 319, 327, 332, 336, 343], 'perspective': [23, 372], 'of': [24, 62, 80, 195, 206, 255, 321, 335, 373], 'aversion,': [26, 150], 'tend': [28], 'to': [29, 37, 50, 104, 217, 270, 316, 342], 'insurance': [31, 39, 54, 109, 122, 137, 163, 199, 221, 239, 256, 276], 'when': [32, 40], 'they': [33, 41, 91, 155], 'should': [34], 'not,': [35], 'refuse': [36], 'should,': [42], 'prefer': [43], 'sub-optimal': [44], 'payouts,': [45], 'allow': [47], 'irrelevant': [48], 'considerations': [49], 'infl': [51], 'uence': [52], 'their': [53, 282, 291, 305], 'preferences.': [55], 'This': [56], 'article': [57, 118, 202], 'considers': [58], 'normative': [60], 'implications': [61], 'these': [63, 183], '‘insurance': [64], 'demand': [65, 123, 197], 'anomalies’.': [66], 'It': [67, 210, 347], 'argues': [68, 119, 211], 'many': [70], 'observed': [71], 'deviations': [72], 'from': [73], 'traditional': [74], 'theory': [75, 194], 'are': [76, 110, 179], 'likely': [77], 'result': [79], 'mistakes,': [81], 'in': [82, 152, 198, 238, 313, 326, 353], 'sense': [84], 'consumers': [86, 141], 'would': [87], 'act': [88], 'differently': [89], 'if': [90], 'possessed': [92], 'perfect': [93], 'information': [94], 'cognitive': [96], 'resources.': [97], 'this': [99, 271], 'perspective,': [100], 'regulatory': [101, 173, 208, 213], 'interventions': [102, 174], 'designed': [103], 'improve': [105], 'consumer': [106, 130, 177, 196, 236], 'decision-making': [107], 'about': [108], 'potentially': [111], 'desirable.': [112], 'At': [113], 'same': [115], 'time,': [116], 'some': [121, 133], 'anomalies': [124], 'may': [125, 139, 156, 165], 'actually': [126], 'refl': [127, 166], 'ect': [128, 167], 'sophisticated': [129, 168], 'behaviour.': [131], 'cases,': [134], 'seemingly': [135], 'puzzling': [136], 'decisions': [138, 164, 222], 'help': [140], 'manage': [142], 'emotions': [143], 'such': [144], 'as': [145, 191, 281, 331], 'anxiety,': [146], 'regret': [147], 'loss': [149, 325], 'while': [151], 'other': [153], 'cases': [154], 'represent': [157, 227], 'valuable': [158], 'commitment': [159], 'strategies.': [160], 'Because': [161], 'consumers’': [162], 'rather': [169], 'than': [170, 294], 'mistaken': [171], 'decision-making,': [172], 'limit': [176], 'choice': [178, 226], 'normatively': [180, 231], 'troubling.': [181], 'Given': [182], 'confl': [184], 'icting': [185], 'explanations': [186], 'for': [187, 234], 'aversion’s': [189], 'failure': [190], 'a': [192, 204, 228, 244, 300, 310, 322], 'descriptive': [193], 'markets,': [200], 'explores': [203], 'spectrum': [205], '‘libertarian-paternalistic’': [207], 'interventions.': [209], 'strategies': [214], 'aim': [216], 'encourage': [218], 'presumptively': [219], 'welfare-maximising': [220], 'without': [223], 'restricting': [224], 'individual': [225], 'promising': [229], 'defensible': [232], 'opportunity': [233], 'improving': [235], 'behaviour': [237], 'markets.': [240], 'For': [241], 'almost': [242], 'half': [243], 'century,': [245], 'economists': [246], 'assumed,': [247], 'with': [248], 'little': [249], 'empirical': [250], 'foundation,': [251], 'was': [257], 'explained': [258], 'entirely': [259], 'within': [263], 'Expected': [264], 'Utility': [265], 'Theory': [266], '(EUT).': [267], '1': [268], 'According': [269], 'theory,': [272], 'people': [273, 302], 'who': [274], 'enjoy': [277], 'diminishing': [278], 'marginal': [279], 'utility': [280, 307], 'wealth': [283], 'increases,': [284], 'meaning': [285], 'each': [287], 'additional': [288], 'dollar': [289], 'improves': [290], 'well-being': [292], 'less': [293], 'previous': [296], 'dollar.': [297], '2': [298], 'As': [299], 'result,': [301], 'can': [303], 'maximize': [304], 'expected': [306, 333], 'spending': [309], 'small': [311], 'amount': [312], 'present': [315, 344], 'protect': [317], 'against': [318], 'large': [323], 'monetary': [324], 'future,': [328], 'so': [329], 'long': [330], 'value': [334], 'future': [337], 'payment': [338], 'is': [339], 'roughly': [340], 'equivalent': [341], 'payment.': [345], '3': [346], 'ha': [348], 's': [349], 'alone': [359], '4': [368], 't': [370], 'he': [371]}, 'cited_by_api_url': 'https://api.openalex.org/works?filter=cites:W3124073586', 'counts_by_year': [{'year': 2020, 'cited_by_count': 1}, {'year': 2017, 'cited_by_count': 1}, {'year': 2015, 'cited_by_count': 1}, {'year': 2014, 'cited_by_count': 1}, {'year': 2013, 'cited_by_count': 5}], 'updated_date': '2024-12-07T20:14:02.723323', 'created_date': '2021-02-01'}