Cheong, Daniel - In: The journal of development studies 58 (2022) 11, pp. 2307-2330
Whilst studies have looked at the impact of one-off exogenous events on risk preferences, few have used longitudinal … field data to assess the long-run effects of cumulative exposure to shocks. This paper studies how risk preferences are … provides causal evidence that past disaster experience leads to decreased risk aversion over time. Heterogeneity analysis finds …