Does nature shape risk preferences? Evidence from Chile, Norway, and Tanzania
- Does exposure to a more risky environment affect risk preferences? Going beyond single-case study evidence, we report results from five surveys conducted in three countries and link this with administrative data to study whether a link between exposure and preferences is detectable and widespread. We find no evidence for endogenous preferences in Norway and Tanzania, but relatively strong evidence in Chile, where differences in risk exposure are most pronounced. Moreover, we make a first pass at disentangling selection from adaptation as potential mechanisms. For Tanzania and Norway, the data speaks for selection, while it speaks for adaptation in Chile.
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| Author: | Florian DiekertORCiDGND, Robbert‐Jan Schaap |
|---|---|
| URN: | urn:nbn:de:bvb:384-opus4-1196700 |
| Frontdoor URL | https://opus.bibliothek.uni-augsburg.de/opus4/119670 |
| ISSN: | 0095-2583OPAC |
| ISSN: | 1465-7295OPAC |
| Parent Title (English): | Economic Inquiry |
| Publisher: | Wiley |
| Place of publication: | Weinheim |
| Type: | Article |
| Language: | English |
| Year of first Publication: | 2025 |
| Publishing Institution: | Universität Augsburg |
| Release Date: | 2025/03/14 |
| Volume: | 63 |
| Issue: | 2 |
| First Page: | 568 |
| Last Page: | 590 |
| DOI: | https://doi.org/10.1111/ecin.13272 |
| Institutes: | Wirtschaftswissenschaftliche Fakultät |
| Wirtschaftswissenschaftliche Fakultät / Institut für Volkswirtschaftslehre | |
| Wirtschaftswissenschaftliche Fakultät / Institut für Volkswirtschaftslehre / Professur für Umweltökonomik | |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Licence (German): |  CC-BY 4.0: Creative Commons: Namensnennung (mit Print on Demand) |
