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National Survey Evidence on Disasters and Relief : Risk Beliefs, Self-Interest, and Compassion
Viscusi, W. Kip - 2006
, and indicated whether they favored governmental disaster relief. For all hazards, including auto accident risks, most …-fifths of our respondents favor government relief for disaster victims, but only one-third do for victims in high-risk areas …
Persistent link: https://www.econbiz.de/10012466080
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Risk-Taking Behavior in the Wake of Natural Disasters
Cameron, Lisa - 2013
We investigate whether experiencing a natural disaster affects risk-taking behavior. We conduct standard risk games … flood or earthquake exhibit more risk aversion. Experiencing a natural disaster causes people to perceive that they now face … a greater risk of a future disaster. We conclude that this change in perception of background risk causes people to take …
Persistent link: https://www.econbiz.de/10012459127
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Welfare Costs of Catastrophes : Lost Consumption and Lost Lives
Martin, Ian W.R. - 2019
pandemics significantly increases the WTP to reduce consumption risk. Our work links the VSL and consumption disaster …
Persistent link: https://www.econbiz.de/10012480016
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The Economic and Policy Consequences of Catastrophes
Pindyck, Robert S. - 2009
How likely is a catastrophic event that would substantially reduce the capital stock, GDP and wealth? How much should society be willing to pay to reduce the probability or impact of a catastrophe? We answer these questions and provide a framework for policy analysis using a general equilibrium...
Persistent link: https://www.econbiz.de/10012463277
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How general are risk preferences? Choices under uncertainty in different domains
Einav, Liran - 2010
We examine the extent to which an individual's actual insurance and investment choices display a stable ranking in willingness to bear risk, relative to his peers, across different contexts. We do so by examining the same individuals' decisions regarding their 401(k) asset allocations and their...
Persistent link: https://www.econbiz.de/10012462966
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Cognitive Imprecision and Stake-Dependent Risk Attitudes
Khaw, Mel Win; Li, Ziang; Woodford, Michael - National Bureau of Economic Research - 2022
In an experiment that elicits subjects' willingness to pay (WTP) for the outcome of a lottery, we confirm the fourfold pattern of risk attitudes described by Kahneman and Tversky. In addition, we document a systematic effect of stake sizes on the magnitude and sign of the relative risk premium,...
Persistent link: https://www.econbiz.de/10013388772
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Risk Preferences Over Health : Empirical Estimates and Implications for Healthcare Decision-Making
Mulligan, Karen; Baid, Drishti; Doctor, Jason N.; … - National Bureau of Economic Research - 2023
Recent research has documented a link between consumer risk preferences over health and the willingness to pay (WTP) for medical technologies. However, the absence of empirical health risk preference estimates so far limits the implementation of this generalized risk-adjusted cost-effectiveness...
Persistent link: https://www.econbiz.de/10014337758
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The Evolving Market for Catastrophic Event Risk
Froot, Kenneth A. - 1999
This paper discusses the recent changes in the market for catastrophe risk. These risks have traditionally been distributed through the insurance and reinsurance systems. However, because insurance companies tend to share relatively small amounts of their cat exposures and because insurance...
Persistent link: https://www.econbiz.de/10012471496
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The Market for Catastrophe Risk : A Clinical Examination
Froot, Kenneth A. - 1999
This paper examines the market for catastrophe event risk -- i.e., financial claims that are linked to losses associated with natural hazards, such as hurricanes and earthquakes. This market is in transition as new approaches for transferring risk are being explored. The paper studies several...
Persistent link: https://www.econbiz.de/10012471497
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Exposures and Behavioral Responses to Wildfire Smoke
Burke, Marshall; Heft-Neal, Sam; Li, Jessica; Driscoll, Anne - National Bureau of Economic Research - 2021
The impacts of environmental change on human outcomes often depend on local exposures and behavioral responses that are challenging to observe with traditional administrative or sensor data. We show how data from private pollution sensors, cell phones, social media posts, and internet search...
Persistent link: https://www.econbiz.de/10012660058