severe harvest losses leads to more risk aversion and stronger overweighting of small probabilities. Higher losses are not …

How do voters respond to heightened risk? Dominant theories expect accountability issues to surface or distributional … exposure not only to risk but also to direct losses or self-selection into unfortunate circumstances. To circumvent this, I use … difference-in-differences estimates of hurricane nearly-hit areas in the US to study the effect of risk on vote choice. I find …

risk preferences. Furthermore, religious beliefs are thought to explain differences in risk-preparedness on the individual … level. We analyze these two possible determinants of individual risk attitudes: nationality and religion. First addressing … the study of risk attitudes in a literature review, we then test our hypotheses empirically using the large …

risk preferences. Furthermore, religious beliefs are thought to explain differences in risk-preparedness on the individual … level. We analyze these two possible determinants of individual risk attitudes: nationality and religion. First addressing … the study of risk attitudes in a literature review, we then test our hypotheses empirically using the large …

, particularly on how the response to a risk behaves in the presence of others. Corresponding risk measures were applied. …

We study the impact of the Fukushima disaster on environmental concerns, well-being, risk aversion, and political … the disaster significantly increased environmental concerns among Germans. One underlying mechanism likely operated … through the perceived risk of a similar meltdown of domestic reactors. After Fukushima, more Germans considered themselves as …

This paper studies how having your home damaged or destroyed by a natural disaster impacts on economic and financial … employment and income, but increases financial hardship and financial risk aversion. These impacts are generally short …

catastrophic risks. Economists typically model decision making under risk and uncertainty by expected utility with constant … relative risk aversion (power utility); statisticians typically model economic catastrophes by probability distributions with …

The coefficient of relative risk aversion (CRRA) is notoriously difficult to estimate. Recently, Barro and Jin (On the …

This paper investigates the impact of risk attitudes on the decision to become an entrepreneur. In contrast to previous … variation in risk aversion the early exposure to a massive earthquake. Using several waves of the Bank of Italy Survey of … Household Income and Wealth (SHIW), we find that individuals experiencing an earthquake become significantly more risk averse …