infonet-economy

This paper evaluates how playing an insurance game affects insurance enrollment. Insurance games not only allow individuals to learn about insurance, but also experience it. Based on a randomized experiment in the Philippines involving an insurance game in 2010, complemented by a follow-up survey in 2013, I find that playing the insurance game significantly increases real-life enrollment in the country's social health insurance scheme. Furthermore, I explore whether this result is related to changes in knowledge and attitude. When comparing the outcomes for the treated and the control groups, the game has no impact on either knowledge about or attitude toward insurance. However, when estimating the impact of the game on risk attitudes, I find that those who played the game in 2010 are significantly more risk averse than the control group.