Bu, Di; Hanspal, Tobin; Liao, Yin; Liu, Yong - 2021
We study risk taking in a panel of subjects in Wuhan, China - before, during the COVID-19 crisis, and after the country … quarantine in Wuhan. Higher exposure leads subjects to reduce planned risk taking, risky investments, and optimism. Our findings … help unify existing studies by showing that aggregate shocks affect general preferences for risk and economic expectations …