Risk-Taking Behavior in the Wake of Natural Disasters

被引：356

作者：

Cameron, Lisa ^{[1
]}

Shah, Manisha ^{[2
,3
]}

机构：

[1] Monash Univ, Dept Econ & Business Stat, Clayton, Vic 3800, Australia

[2] Univ Calif Los Angeles, Dept Publ Policy, Los Angeles, CA USA

[3] NBER, Fac Res, Cambridge, MA 02138 USA

来源：

JOURNAL OF HUMAN RESOURCES | 2015年 / 50卷 / 02期

基金：

澳大利亚研究理事会;

关键词：

EXPECTED-UTILITY THEORY; BACKGROUND RISK; AVERSION; MIGRATION; INSURANCE; GEOGRAPHY;

D O I：

10.3368/jhr.50.2.484

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We investigate whether experiencing a natural disaster affects risk-taking behavior. We conduct standard risk games (using real money) with randomly selected individuals in rural Indonesia. We find that individuals who recently suffered a flood or earthquake exhibit more risk-aversion. Experiencing a natural disaster causes people to perceive that they now face a greater risk of a future disaster. We conclude that this change in perception of background risk causes people to take fewer risks. We provide evidence that experimental risk behavior is correlated with real-life risk behavior, highlighting the importance of our results.

引用

页码：484 / 515

页数：32

共 47 条

[1]

Andrabi T., 2010, 5440 WORLD BANK

[2]

[Anonymous], 2011, WORKING PAPER

[3]

[Anonymous], 4910 WORLD BANK

[4]

Arrow, 1971, ESSAYS THEORY RISK B