The Effects of the Great East Japan Earthquake on Investors' Risk and Time Preferences

Taizo Motonishi

Economics Bulletin, 2017, vol. 37, issue 3, 1830-1843

Abstract: This paper investigates the effects of the Great East Japan Earthquake on Japanese investors' risk and time preferences using surveys that collected data one month before and two months after the earthquake. Although there is some evidence to suggest that investors' risk and time preferences changed after the earthquake, the changes are not uniform across different types of financial opportunities. It is difficult to explain the post-quake stagnant stock prices in Japan in terms of these changes in investors' preferences.

Keywords: Risk preference; time preference; natural disaster; earthquake; preference stability; investor; Japan (search for similar items in EconPapers)
JEL-codes: D1 G1 (search for similar items in EconPapers)
Date: 2017-08-31
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2017/Volume37/EB-17-V37-I3-P166.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-17-00586

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().