Trust, Risk, and Time Preferences After a Natural Disaster: Experimental Evidence from Thailand
| Autor: | Carl von Kessler, Andrew Healy, Alessandra Cassar |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Economics and Econometrics
Economic growth Sociology and Political Science Public economics Risk aversion 050204 development studies 05 social sciences Geography Planning and Development Public policy Developing country Building and Construction Development Affect (psychology) Prosocial behavior 0502 economics and business Economic welfare Business 050207 economics Time preference Natural disaster |
| Zdroj: | World Development. 94:90-105 |
| ISSN: | 0305-750X |
| Popis: | Natural disasters constitute a persistent threat to economic welfare in many places, particularly in developing countries. Not only can disasters transform living circumstances, but we provide evidence here that they can lead to important changes in individual preferences. In a series of experiments that we conducted in rural Thailand, we find that the 2004 tsunami led to substantial long-lasting increases in risk aversion, prosocial behavior, and impatience. We use GIS data and survey responses to identify disaster impact, showing that both community-level and individual-level experiences appear to affect preferences in theoretically plausible ways. Our findings have important implications for public policy efforts to address natural disasters. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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