Risk-Taking Behavior in the Wake of Natural Disasters
通过印尼农村的实地实验，发现近期经历洪水或地震的人更厌恶风险，原因是他们感知到未来灾害风险增大，且实验中的风险行为与现实生活相关。
Abstract We investigate whether experiencing a natural disaster affects risk-taking behavior. We conduct standard risk games (using real money) with randomly selected individuals in rural Indonesia. We find that individuals who recently suffered a flood or earthquake exhibit more risk-aversion. Experiencing a natural disaster causes people to perceive that they now face a greater risk of a future disaster. We conclude that this change in perception of background risk causes people to take fewer risks. We provide evidence that experimental risk behavior is correlated with real-life risk behavior, highlighting the importance of our results.