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Short Bio
Short Bio
I am a W2 professor for behavioral risk management and insurance at the Munich School of Management of LMU Munich. As an applied economist, I consider theoretical and experimental questions with applications to insurance, prevention, decision analysis, risk theory and national security. While much of my research falls into the broad category of behavioral economics, I also have projects in more classical theoretical settings.
Email: jaspersen@lmu.de
Bluesky: @jaspersen.bsky.social
This is my Google Scholar page.
This is where I work.
Find my CV here.
Current Working Papers
Current Working Papers
Moral Hazard under Liquidity Constraints, as NBER Working Paper No. 33648, with Keith Marzilli Ericson and Justin Sydnor.
Homeowners' Willingness To Hedge Flood Risks as Prices Increase, with Ben Collier, Tobias Huber and Andreas Richter.
Risk Management and the Autonomy of Labor, as NBER Working Paper No. 30793, with Andreas Dambaur, Keith Marzilli Ericson and Sandra Zoller.
Fixed Effects and the "Leave-Out" Instrument, with Cameron Ellis.
Ambiguity and the Skewness Premium, with Ralf Elsas and Valentin Luz.
A Model of Anchoring and Adjustment for Decision-Making under Risk, with Christian König-Kersting and Marc Ragin, revision requested at Journal of Risk and Uncertainty.
Published and Forthcoming Papers
Published and Forthcoming Papers
On the Change of Risk Aversion in Wealth: Evidence from a Closed Economic System, with Tobias Huber, Andreas Richter and Dennis Strümpel. Experimental Economics, Volume 26, p. 1-26, 2023. [replication package]
Probability Weighting and Insurance Demand in a Unified Framework, with Richard Peter and Marc Ragin. The Geneva Risk and Insurance Review, Volume 43, p. 63-109, 2023.
Insurance Demand Experiments: Comparing Crowdworking to the Lab, with Marc Ragin and Justin Sydnor. Journal of Risk and Insurance, Volume 89, p. 1077-1107, 2022. [online appendix]
When full insurance may not be optimal: The case of restricted substitution. Health Economics, Volume 31, p.1249-1257, 2022. [code]
When risk perception gets in the way: Probability weighting and underprevention, with Aurélien Baillon, Han Bleichrodt, Aysil Emirmahmutoglu and Richard Peter. Operations Research, Volume 70, p. 1293-1952, 2022.
Predicting Insurance Demand from Risk Attitudes, with Marc Ragin and Justin Sydnor. Journal of Risk and Insurance, Volume 89, p. 63-96, 2022.
Convex Combinations in Judgment Aggregation. European Journal or Operational Research, Volume 299, p. 780-794, 2022.
Estimating Extreme Cancellation Rates In Life Insurance, with Francesca Biagini, Tobias Huber and Andrea Mazzon. Journal of Risk and Insurance, Volume 88, p. 971-1000, 2021.
The Effect of Information Disclosure on Demand for High-Load Insurance, with Benjamin Collier and Marc Ragin. Journal of Risk and Insurance, Volume 88, p. 161-193, 2021.
Linking subjective and incentivized risk attitudes: The importance of the losses, with Marc Ragin and Justin Sydnor. Journal of Risk and Uncertainty, Volume 60, p. 187-206, 2020.
On the Learning Patterns and Adaptive Behavior of Terrorist Organizations, with Gilberto Montibeller. European Journal of Operational Research, Volume 282, p. 221-234, 2020.
Experiential Learning, Competitive Selection and Downside Risk: A New Perspective on Managerial Risk-Taking, with Richard Peter. Organization Science, Volume 28, p. 915-930, 2017.
The Influence of Affect on Heuristic Thinking in Insurance Demand, with Vijay Aseervatham. Journal of Risk and Insurance, Volume 84, p. 239-266, 2017.
Hypothetical Surveys and Experimental Studies of Insurance Demand: A Review. Journal of Risk and Insurance, Volume 83, p. 217-255, 2016.
Probability Elicitation under Severe Time Pressure – A Rank Based Procedure, with Gilberto Montibeller. Risk Analysis, Volume 35, p. 1317-1335, 2015.
The Affection Effect in an Incentive Compatible Insurance Demand Experiment, with Vijay Aseervatham and Andreas Richter. Economics Letters, Volume 131, p. 34-37, 2015.
The Wealth Effects of Premium Subsidies on Moral Hazard in Insurance Markets, with Andreas Richter. European Economic Review, Volume 77, p. 139-153, 2015.
An Incentive Compatible Scoring Rule for Ordinal Judgments of Expected Utility Maximizers. Economics Letters, Volume 120, p. 245-248, 2013.
Inactive Working Papers
Moral Hazard and Market Capacity: Evidence from a Natural Experiment in Germany, with Andreas Richter, Casey Rothschild and Roxane Steinacker.
Calibrating Risk Aversion in Additive Multivariate Utility Functions, with Nikolaos Argyris and Andreas Richter.
Predicting Earnings Management from Qualitative Disclosures, with Andreas Richter and Sandra Zoller.
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