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Rare disaster information can increase risk-taking

Author

Listed:
  • Ben R. Newell

    (School of Psychology, University of New South Wales)

  • Tim Rakow

    (University of Essex
    King’s College London, Institute of Psychiatry, Psychology and Neuroscience, 16 De Crespigny Park, London SE5 8AF, UK)

  • Eldad Yechiam

    (Technion–Israel Institute of Technology)

  • Michael Sambur

    (Technion–Israel Institute of Technology)

Abstract

Experiments show that providing people with information about the prevalence of natural disasters can counterintuitively increase the appeal of disaster-prone regions, suggesting that isolated information is not enough to encourage risk-averse activity.

Suggested Citation

  • Ben R. Newell & Tim Rakow & Eldad Yechiam & Michael Sambur, 2016. "Rare disaster information can increase risk-taking," Nature Climate Change, Nature, vol. 6(2), pages 158-161, February.
    • Handle: RePEc:nat:natcli:v:6:y:2016:i:2:d:10.1038_nclimate2822
    DOI: 10.1038/nclimate2822
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    Cited by:

    1. Ayton, Peter & Bernile, Gennaro & Bucciol, Alessandro & Zarri, Luca, 2020. "The impact of life experiences on risk taking," Journal of Economic Psychology, Elsevier, vol. 79(C).
    2. Shereen J. Chaudhry & Michael Hand & Howard Kunreuther, 2020. "Broad bracketing for low probability events," Journal of Risk and Uncertainty, Springer, vol. 61(3), pages 211-244, December.
    3. Shereen J. Chaudhry & Michael Hand & Howard Kunreuther, 2020. "Broad Bracketing for Low Probability Events," NBER Working Papers 27319, National Bureau of Economic Research, Inc.
    4. Camilleri, Adrian R. & Newell, Ben R., 2019. "Better calibration when predicting from experience (rather than description)," Organizational Behavior and Human Decision Processes, Elsevier, vol. 150(C), pages 62-82.

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