Page, Lionel; Savage, David A.; Torgler, Benno - In: European Economic Review 71 (2014) C, pp. 121-131
This study explores people׳s risk taking behaviour after having suffered large real-world losses following a natural disaster. Using the margins of the 2011 Australian floods (Brisbane) as a natural experimental setting, we find that homeowners who were victims of the floods and face large...