Variation in risk seeking behavior in a natural experiment following a large negative wealth shock induced by a natural disaster


Autoria(s): Page, Lionel; Savage, David; Torgler, Benno
Contribuinte(s)

Ulubasoglu, Mehmet

Kidd, Michael P.

Data(s)

03/07/2012

Resumo

An ongoing challenge in behavioral economics is to understand the variations observed in risk attitudes as a function of their environmental context. Of particular interest is the effect of wealth on risk attitudes. The research in this area has however faced two constraints: the difficulty to study the causal effects of large changes in wealth, and the causal effects of losses on risk behavior. The present paper address this double limitation by providing evidence of the variation of risk attitude after large losses using a natural disaster (Brisbane floods) as the setting for a natural experiment.

Identificador

http://eprints.qut.edu.au/55426/

Publicador

Econometric Society Australasia

Relação

https://editorialexpress.com/cgi-bin/conference/download.cgi?db_name=ESAM2012&paper_id=306

Page, Lionel, Savage, David, & Torgler, Benno (2012) Variation in risk seeking behavior in a natural experiment following a large negative wealth shock induced by a natural disaster. In Ulubasoglu, Mehmet & Kidd, Michael P. (Eds.) ESAM2012 Conference program, Econometric Society Australasia, Melbourne, VIC.

Fonte

QUT Business School; School of Economics & Finance

Tipo

Conference Paper