Data/hora: 09/06/2024 05:21:06

Provedor de dados: 	31	
País: 	United States	
Título: 	NATURAL HAZARDS AND RISK AVERSION: EXPERIMENTAL EVIDENCE FROM LATIN AMERICA	
Autores: 	van den Berg,   Marrit; Fort,   Ricardo; Burger,   Kees.	
Data: 	2009-06-19	
Ano: 	2009	
Palavras-chave: 	Latin America; Nicaragua; Peru; Risk aversion; Natural hazards; Experiments; Environmental Economics and Policy; Institutional and Behavioral Economics; Risk and Uncertainty.	
Resumo: 	We use experimental and survey data from two natural-hazard prone countries in Latin America to test the hypothesis that natural hazards affect risk aversion. We use two methods to measure risk aversion: simple questions on the willingness to pay for a hypothetical lottery and more complicated experiments involving real pay-offs. We find that whereas the experiments provide reasonable estimates of risk aversion, the hypothetical questions result in unrealistic distributions of preferences. The experimental results strongly support the hypothesis that experiencing natural shocks makes people more risk averse, not only in the short run but also in the medium and long run.	
Tipo: 	Conference Paper or Presentation	
Idioma: 	Inglês	
Identificador: 	http://purl.umn.edu/51394	
Relação: 	International Association of Agricultural Economists&gt;2009 Conference, August 16-22, 2009, Beijing, China

Contributed Paper

324	
Formato: 	34