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来源类型 | FEEM working papers "Note di lavoro" series |
规范类型 | 论文 |
Variation in Risk Seeking Behavior in a Natural Experiment on Large Losses Induced by a Natural Disaster | |
Lionel Page; David Savage; Benno Torgler | |
发表日期 | 2012 |
出处 | Economy and Society |
出版年 | 2012 |
语种 | 英语 |
摘要 | This study explores people's risk attitudes after having suffered large real-world losses following a natural disaster. Using the margins of the 2011 Australian floods (Brisbane) as a natural experimental setting, we find that homeowners who were victims of the floods and face large losses in property values are 50% more likely to opt for a risky gamble {a scratch card giving a small chance of a large gain ($500,000) {than for a sure amount of comparable value ($10). This finding is consistent with prospect theory predictions of the adoption of a risk-seeking attitude after a loss. |
特色分类 | D03;D81;C93 |
关键词 | Decision under Risk Large Losses Natural Experiment |
URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/variation-in-risk-seeking-behavior-in-a-natural-experiment-on-large-losses-induced-by-a-natural-disaster/ |
来源智库 | Fondazione Eni Enrico Mattei (Italy) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/118083 |
推荐引用方式 GB/T 7714 | Lionel Page,David Savage,Benno Torgler. Variation in Risk Seeking Behavior in a Natural Experiment on Large Losses Induced by a Natural Disaster. 2012. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
2012724155171Nota_di(71KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
20127241554334NDL201(1197KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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