probability of disasters, or learning of insurance benefits, but is driven mainly by the experience acquired in playing the …This paper uses a novel experimental design to study the effect of hypothetical personal experience on the adoption of … insurance game. Moreover, we find that, compared with experience with real disasters in the previous year, the hypothetical …

We examine the effects of bidding experience on two groups of investors – individuals and institutions – in terms of … experience; and (4) greater experience is associated with more aggressive bid prices. These findings are consistent with naïve … reinforcement learning wherein individuals become unduly optimistic after receiving good returns. In sharp contrast, there is little …

A classic argument in economics is that experience in the market place will eliminate mistakes and cognitive biases …. Internet auctions are a popular market were some bidders gather extensive experience. In a unique data set from a Scandinavian …. However, the so-called pseudo-endowment effect does not disappear. Regardless of their experience, bidders will be inclined to …

The aim of this paper is to gain insights from studying adaptation to natural disasters in the past in order to analyze … optimal adaptation in Switzerland in the future. Most adaptation measures already undertaken in Switzerland are so … measures to combat market damages in an ecient way. We come up with modeling adaptation as a cumulative stock in a computable …

This paper considers the challenges confronting LDCs in meeting the adaptation and mitigation requirements brought on … source of LDC climate adaptation finance, is still fit for purpose? …

Adaptation Plans of Action in the context of the United Nations Framework Convention on Climate Change but implementation of … those programmes and strategic links to resourcing actions are often lacking. Adaptation in the agricultural sector can be … term adaptation strategy. Organic agriculture is believed to be the most sustainable approach against climate change …