Attitudes Towards Risk in the Wake of a Rare Event: Evidence from Pakistan

Farah Said (), Uzma Afzal and Ginger Turner
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Farah Said: Lahore School of Economics, Lahore, Pakistan.

No 2-2014, CREB Working papers from Centre for Research in Economics and Business, The Lahore School of Economics

Abstract: This paper investigates the impact of rare-event experiences and observations on risk taking. Matching detailed individual, household, and community-level surveys with behavioral games data, we explore the mechanisms that underlie individual risk-taking after a natural disaster. Unlike the existing literature, which focuses mostly on community-level economic and disaster data, our unique dataset allows us to match detailed interviews on individual risk perceptions and loss experiences with game choices.

Keywords: North-South; growth model; innovation assimilation (search for similar items in EconPapers)
JEL-codes: E32 R10 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2014, Revised 2014
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:lje:wpaper:2-2014

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