Impact of Regional Differences in Risk Attitude on the Power Law at the Urban Scale

Mengdi Xia, Zhangwei Lu (), Lihua Xu, Yijun Shi, Qiwei Ma, Yaqi Wu and Boyuan Sheng
Additional contact information
Mengdi Xia: School of Landscape Architecture, Zhejiang Agriculture and Forestry University, Hangzhou 311000, China
Zhangwei Lu: School of Landscape Architecture, Zhejiang Agriculture and Forestry University, Hangzhou 311000, China
Lihua Xu: School of Landscape Architecture, Zhejiang Agriculture and Forestry University, Hangzhou 311000, China
Yijun Shi: School of Landscape Architecture, Zhejiang Agriculture and Forestry University, Hangzhou 311000, China
Qiwei Ma: School of Landscape Architecture, Zhejiang Agriculture and Forestry University, Hangzhou 311000, China
Yaqi Wu: School of Landscape Architecture, Zhejiang Agriculture and Forestry University, Hangzhou 311000, China
Boyuan Sheng: School of Landscape Architecture, Zhejiang Agriculture and Forestry University, Hangzhou 311000, China

Land, 2022, vol. 11, issue 10, 1-16

Abstract: Internal mechanisms and laws exist in the evolution of cities, and the power law is widely applied in multiple areas in the real world. It is crucial to optimize the urban-scale systems through explanation studies of the urban-scale distribution pattern from the perspective of regional differences in risk attitudes. Based on computer simulation technologies, this study explores the influence of regional differences in risk attitudes of micro decision-makers on the power law through setting scenarios of same attitudes with quantitative differences and mixed multi-attitudes. In this case, we selected six provinces in China to verify the scale characteristic of the real world. The results show that the settlement scale is heavily influenced by risk attitudes with a larger slope, which are more pronounced in the mixed multi-attitudes scenario. The increase in the mixed-scale benefits less affects the utility of risk attitudes, where the slope value of the aversion attitudes has smaller variation. The averse model has a larger primary ratio than the others. However, the primary ratio does not reveal a significant bias towards large and small in the mixed multi-attitude scenario. In the six provinces, the advantageous areas with higher economic and cultural levels show larger-scale agglomeration characteristics similar to the impact of seeking attitudes. The primacy ratio increases with the variation degree in urban scales, especially in economically disadvantaged areas.

Keywords: risk attitudes; power law; regional differences; urban scale; simulation (search for similar items in EconPapers)
JEL-codes: Q15 Q2 Q24 Q28 Q5 R14 R52 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2073-445X/11/10/1791/pdf (application/pdf)
https://www.mdpi.com/2073-445X/11/10/1791/ (text/html)

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:gam:jlands:v:11:y:2022:i:10:p:1791-:d:941997

Access Statistics for this article

Land is currently edited by Ms. Carol Ma

More articles in Land from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().