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2005-10-07Buch DOI: 10.18452/3473
Worry and the Illusion of Safety
dc.contributor.authorSchade, Christian
dc.contributor.authorKunreuther, Howard
dc.date.accessioned2017-06-15T21:06:28Z
dc.date.available2017-06-15T21:06:28Z
dc.date.created2005-10-07
dc.date.issued2005-10-07none
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4125
dc.description.abstractWe analyze the impact of an individual s tendency to worry on willingness to pay (WTP) for a protective measure. We report on the results of a controlled experiment with real objects at stake. Worry was measured with the Worry Domains Questionnaire, an instrument determining an individual s tendency to (non-pathological) worry. Although the loss probability was relatively high and exactly specified, we find that the tendency to worry has in general a positive effect on WTP for protective measures. However when the objects at stake are given to our respondents, high worriers significantly reduce their WTP for protection whereas low worriers are unaffected. We call this tendency of high worriers a safety illusion and relate it to findings on automatic self- regulation, transitional objects in childhood, and studies on the illusion of control. High worriers appear to make more use of all these mechanisms than low worriers because they have more experience in easing their anxiety.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.relation.ispartofseriesSonderforschungsbereich 373: Quantification and Simulation of Economic Processes - 25, SFB 373 Papers, ISSN:1436-1086
dc.subject.ddc330 Wirtschaft
dc.titleWorry and the Illusion of Safety
dc.typebook
dc.subtitleEvidence from a Real-Objects Experiment
dc.identifier.urnurn:nbn:de:kobv:11-10048838
dc.identifier.doihttp://dx.doi.org/10.18452/3473
local.edoc.container-titleSonderforschungsbereich 373: Quantification and Simulation of Economic Processes
local.edoc.container-titleSFB 373 Papers
local.edoc.container-issn1436-1086
local.edoc.pages25
local.z-edoc.journal-periodikumAusgabe25,
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2002
local.edoc.container-issue25
local.edoc.container-year2002

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