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This research project aims to investigate the role of behavioral economics in insurance product design. The study will explore how insights from behavioral economics can be leveraged to design insurance products that align with consumer behavior, decision-making biases, and risk perceptions. By examining the application of behavioral economics principles in insurance, this research seeks to provide valuable insights into the potential for innovative product design and consumer engagement within the insurance industry.
Behavioral economics offers a unique lens through which to understand consumer decision-making and preferences, providing valuable insights for the design of insurance products that resonate with individuals' cognitive biases and heuristics. This research project seeks to investigate the role of behavioral economics in insurance product design, aiming to provide a comprehensive understanding of the implications for insurers, policyholders, and regulatory bodies. By examining the current landscape, challenges, and future prospects of integrating behavioral economics into insurance product design, this study aims to contribute to the ongoing discourse on the intersection of consumer behavior and innovative insurance offerings.
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🎓 Postgraduate/Undergraduate Research works
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