| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP13313
|
| DP13313 Climatic Roots of Loss Aversion |
| Oded Galor
|
| 发表日期 | 2018-11-12
|
| 出版年 | 2018
|
| 语种 | 英语
|
| 摘要 | This research explores the origins of loss aversion and the variation in its prevalence across regions, nations and ethnic group. It advances the hypothesis and establishes empirically that the evolution of loss aversion in the course of human history can be traced to the adaptation of humans to the asymmetric effects of climatic shocks on reproductive success during the epoch in which subsistence consumption was a binding constraint. Exploiting regional variations in the vulnerability to climatic shocks and their exogenous changes in the course of the Columbian Exchange, the research establishes that consistent with the predictions of the theory, individuals and ethnic groups that are originated in regions marked by greater climatic volatility have higher predisposition towards loss-neutrality, while descendants of regions in which climatic conditions tended to be spatially correlated, and thus shocks were aggregate in nature, are characterized by greater intensity of loss aversion. |
| 主题 | Economic History
; Macroeconomics and Growth
|
| URL | https://cepr.org/publications/dp13313
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542127
|
推荐引用方式
GB/T 7714 |
Oded Galor. DP13313 Climatic Roots of Loss Aversion. 2018.
|
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