Insurance, Risk, and Magical Thinking
@article{Tykocinski2008InsuranceRA,
title={Insurance, Risk, and Magical Thinking},
author={Orit E. Tykocinski},
journal={Personality and Social Psychology Bulletin},
year={2008},
volume={34},
pages={1346 - 1356}
}The possession of an insurance policy may not only affect the severity of a potential loss but also its perceived probability. Intuitively, people may feel that if they are insured nothing bad is likely to happen, but if they do not have insurance they are at greater peril. In Experiment 1, respondents who were reminded of their medical insurance felt they were less likely to suffer health problems in the future compared to people who were not reminded of their medical insurance. In Experiment…
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