support for the hypothesis that attitude to risk and attitude to ambiguity are two independent phenomena. In fact in this … experiment, decision-makers are both risk-seekers (i.e., the mean WTP for insurance is on average smaller than the expected value … of the loss) and ambiguity averse (i.e., the mean WTP for insurance is on average higher for an ambiguous risk than for a …

Individual risk preference may change after experiencing external socio-economic or natural shocks. Theoretical … predictions and empirical studies suggest that risk taking may increase or decrease after experiencing shocks. So far the … whether experiencing financial and health-related damage caused by storms affects risk preference of individuals in Germany …

2012 and 2014, each among more than 6,000 German households, we analyze the determinants of individual risk perception … associated with three kinds of natural hazards: heat waves, storms, and floods. Our focus is on the role of objective risk … are strong drivers of individual risk perception. …

social value judgments and individuals’ risk preferences, the latter raising an empirical question about choices under …, raises further complications regarding the relationship between social judgments and individuals’ risk preferences …

flood risk (mis)perceptions. Using an array of instruments, we assess subjective risk perceptions and compare them to … objective risk estimates. Reduced-form regressions suggest flood experience, worry, coastal tenure, education, primary … homeownership, income, and wealth influence relative perceptions of risk. Common probability weighting functions do not fit the …

We study the direct impacts that long-run experiences of climate change have on individual risk preferences. Using … panel surveys from Indonesia and Mexico (total N = 25,000), we link within-person changes in elicited risk preferences to … background climate risk, we find that in both settings increases in the experienced means of temperature and precipitation cause …

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 …

It is still an ongoing discussion whether benefits resulting from reduced mortality risk should be valuated differently … particular risk affects all individuals regardless of their age VSL is rather constant for differently aged people. These results … may provide an explanation for the various outcomes in empirical studies. -- contingent valuation ; risk prevention ; age …

We study whether natural disasters affect risk-taking behavior exploiting geographic variation in exposure to natural … disasters. We conduct standard risk games (using real money) with randomly selected individuals in Indonesia and find that … individuals who recently suffered a flood or earthquake exhibit more risk aversion than individuals living in otherwise like …

This paper examines the influence of implicit information on willingness to pay (WTP) values for prevention of the risk … whether the immediate occurrence of avalanches and their attendant fatal accidents affect individual risk evaluations … responsibility for risk exposure and its associated voluntariness are the main reasons for the decrease in WTP from the fall to the …