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 …

significantly increases the WTP to reduce consumption risk. Our work links the VSL and consumption disaster literatures. … of annual consumption) and partly driven by the risk of macroeconomic contractions. Likewise, the risk of pandemics …

in disaster preparedness have recently attracted renewed attention. We examine how non-hypothetical self …-insurance behavior by households responds to variations in public investments in relief capabilities based on a large disaster …

severe harvest losses leads to more risk aversion and stronger overweighting of small probabilities. Higher losses are not …

We estimate whether risk preferences are affected by traumatic events by using a unique survey of Sri Lankan twins … civil war, validated measures of mental health and risk preferences, and a rich set of control variables. Our estimation … wealth shocks and/or changes in mental health. We find that both events lead to less risk aversion, a result that is not …

Amidst growing concerns over heightened natural disaster risks, this study pioneers an inquiry into the causal impacts …. Additionally, our study furnishes suggestive evidence hinting at a potential rise in risk aversion among affected individuals as a …

The impact of exposure to a major unanticipated natural disaster on the evolution of survivors' attitudes toward risk … assume greater financial risk in the short-term while rebuilding their lives after the disaster … to take on risk relative to those not directly exposed to the tsunami. These differences are short-lived: starting a year …

significantly increases the WTP to reduce consumption risk. Our work links the VSL and consumption disaster literatures … of annual consumption) and partly driven by the risk of macroeconomic contractions. Likewise, the risk of pandemics …