Risk Preferences, Risk Perceptions, and Flood Insurance
结合家庭洪水保险购买数据、实验测得的风险偏好和主观风险感知数据，发现损失域的风险厌恶程度、飓风损失预期、灾害援助资格和保险商可信度显著影响购买决策。
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 so. Results indicate that our experiment-based measure of risk aversion over the loss domain positively and significantly correlates with the decision to purchase a flood policy, as do perceived expectations of hurricane damage, eligibility for disaster assistance, and credibility of insurance providers. <i></i>