Surviving the Titanic disaster : economic, natural and social determinants
Data(s) |
2009
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Resumo |
The sinking of the Titanic in April 1912 took the lives of 68 percent of the people aboard. Who survived? It was women and children who had a higher probability of being saved, not men. Likewise, people traveling in first class had a better chance of survival than those in second and third class. British passengers were more likely to perish than members of other nations. This extreme event represents a rare case of a well-documented life and death situation where social norms were enforced. This paper shows that economic analysis can account for human behavior in such situations. |
Formato |
application/pdf |
Identificador | |
Publicador |
Australian Conference of Economists |
Relação |
http://eprints.qut.edu.au/32348/1/c32348.pdf http://pams.com.au/ace09/am/template.cfm?section=home Frey, Bruno, Savage, David, & Torgler, Benno (2009) Surviving the Titanic disaster : economic, natural and social determinants. In Proceedings of Australian Conference of Economists 2009, Australian Conference of Economists, University of Adelaide, Adelaide, South Australia, pp. 1-33. |
Direitos |
Copyright 2009 [please consult the authors] |
Fonte |
QUT Business School; School of Economics & Finance |
Palavras-Chave | #140219 Welfare Economics #140104 Microeconomic Theory #Decision Under Pressure #Tragic Events and Disasters #Survival #Quasi-natural Experiment #Altruism |
Tipo |
Conference Paper |