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We combine household-level data on the choice to purchase flood insurance with experiment-based risk preference data … and subjective risk perception data. The sample covers a wide geographic area (the entire U.S. Gulf Coast and Florida …'s Atlantic Coast) and includes individuals exposed to varying levels of risk. This work represents one of very few analyses to do …
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We study in an experiment whether humans prefer to depend on decisions of other humans (social uncertainty) or states of nature (environmental uncertainty). In the social uncertainty treatments subjects depend only on past decisions of other humans. This is the first experiment that studies...
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We propose the Virtual Bingo Blower (VBB) as a way to generate credible risk and ambiguity in computerized experiments …
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