逆向选择
选择(遗传算法)
业务
同侪效应
精算学
小额保险
健康保险
公共经济学
经济
风险管理
医疗保健
经济增长
财务
心理学
计算机科学
社会心理学
人工智能
作者
Xia Du,Wei Zheng,Yi Yao
摘要
Abstract The peer effect may amplify adverse selection in social networks, hampering the sustainable operation of microinsurance. This paper uses data from a micro health insurance program in Pakistan to test for the peer effect in renewal decisions and the role it plays in amplifying adverse selection within social networks. The paper finds evidence supporting that insurance renewal decisions are similar among peers in the same network, and the peer effect is stronger among households of the same risk type than households of different risk types, indicating that the heterogeneous peer effect acts as an amplifier for adverse selection. The paper provides policy implications for effective ways to mitigate the peer effect and adverse selection, based on the results of heterogeneity analyses. The policy recommendation is to enforce a minimum group enrollment rate requirement of at least 60% for large groups to mitigate the peer effect.
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