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We measure risk attitudes in 30 different countries in a controlled, incentivized experiment (N = 3025). At the macroeconomic level, we find a strong and highly significant negative correlation between the risk tolerance of a country and income per capita. This gives rise to a paradox, seen that...
Persistent link: https://www.econbiz.de/10009671257
We obtain rich measurements of risk preferences for 2939 subjects across 30 countries, and use the data to paint a picture of the distribution of risk preferences across the globe using structural equation models. Reference‐dependence and likelihood‐dependence are found to be important...
Persistent link: https://www.econbiz.de/10011994845
This article analyses the literature on altruism produced in economics (and also in psychology and socio …-biology). Altruism is generally regarded as behaviour alternative to self-interest pursuit. Selfish behaviour, as assumed by traditional …
Persistent link: https://www.econbiz.de/10014058365
Persistent link: https://www.econbiz.de/10011552120
This paper presents a model to assess the socioeconomic resilience to natural disasters of an economy, defined as its capacity to mitigate the impact of disaster-related asset losses on welfare, and a tool to help decision makers identify the most promising policy options to reduce welfare...
Persistent link: https://www.econbiz.de/10012969268
This paper presents a model to assess the socioeconomic resilience to natural disasters of an economy, defined as its capacity to mitigate the impact of disaster-related asset losses on welfare, and a tool to help decision makers identify the most promising policy options to reduce welfare...
Persistent link: https://www.econbiz.de/10012246206
Persistent link: https://www.econbiz.de/10011629712
Persistent link: https://www.econbiz.de/10011595972
This paper reviews the effect of natural disasters on human mobility or migration. Although there is an increase of natural disasters and migration recently and more patterns to observe, the relationship remains complex. While some authors find that disasters increase migration, others show that...
Persistent link: https://www.econbiz.de/10011523266
Persistent link: https://www.econbiz.de/10014448542