Natural disaster and risk preferences: evidence from Sri Lankan twins

Article Economics

On the stability of risk and time preferences amid the COVID-19 pandemic

Andreas C. Drichoutis et al.

Summary: The study gathered data on risk and time preferences from samples before and during the pandemic, finding no significant change in preferences despite the major impact of the COVID-19 pandemic on public health and the global economy.

EXPERIMENTAL ECONOMICS (2022)

Add to Collection

Article Economics

Subjective beliefs and economic preferences during the COVID-19 pandemic

Glenn W. Harrison et al.

Summary: The COVID-19 pandemic has provided an important opportunity to apply previous research on subjective belief distributions and risk preferences. The study found that the atemporal risk premium significantly changed during the pandemic and subjective beliefs about the cumulative level of deaths also experienced dramatic changes.

EXPERIMENTAL ECONOMICS (2022)

Add to Collection

Article Business, Finance

Combating the COVID-19 pandemic: The role of disaster experience

Jie Li et al.

Summary: Disaster experience increases risk aversion, which is an essential mechanism by which individuals, markets, and countries respond to COVID-19 in a timely manner. Countries with severe disaster experience show higher levels of attention and stricter containment measures during the pandemic.

RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE (2022)

Add to Collection

Article Business, Finance

Experimental evidence on the effect of incentives and domain in risk aversion and discounting tasks

Emmanouil Mentzakis et al.

Summary: Environmental policy evaluation often faces criticism for using discount rates without sufficient research support. Experimental research to obtain realistic discount rates may require strong assumptions of external validity and impose cognitive demands on subjects. Results show that incentives have minimal impact on risk aversion and discounting tasks, with significant patterns emerging in heterogeneity by treatment and socio-demographics. Furthermore, evidence of domain effects (monetary vs. environmental goods) in both risk and discounting contradicts previous findings.

JOURNAL OF RISK AND UNCERTAINTY (2021)

Add to Collection

Article Economics

How the onset of the Covid-19 pandemic impacted pro-social behaviour and individual preferences: Experimental evidence from China

Jason Shachat et al.

Summary: Experimental evidence shows that after the implementation of stringent Covid-19 lockdown measures, there was a high level of pro-sociality, cooperation, and aversion to risk, but trust significantly decreased. Risk attitudes also differed, with decreased risk tolerance in the loss domain and lesser risk aversion in the gain domain. The onset of a public health crisis may have unintended consequences for economic preferences and compliance with interventions designed to reduce the spread of a novel coronavirus.

JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION (2021)

Add to Collection

Article Development Studies