The risk and ambiguity preferences of masters students in their choices of health insurance at the backdrop of climate change
Student name: Mr Chetan Aggarwal
Guide: Dr Nirupam Datta
Year of completion: 2017
Host Organisation: TERI University
Abstract: Climate change affects the human health and overall effect of it will be negative. As
no policy in the market caters to disease(s) caused due to climate or an increased frequency due
to climate, the policy options mentioned in the survey would help to find out the level of risk and
ambiguity averseness in the students of climate change. The choices made under the certain
conditions of climate change uncertainty along with different time frames and different options
will be related to different variables such as age, gender, the level of mathematics, etc. The options
are based on Holt and Laury lottery which implies that though their values would change they
would still have the same ratio of pay-offs. The general awareness level of the students seems to
positive regarding climate change and its various aspects. In the end, it is the scale and the time
effect which influences the choices made with knowledge of mathematics being a surprise entrant
in every scenario.
