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

Author

Listed:
  • Farah Said

    (Lahore School of Economics, Lahore, Pakistan.)

  • Uzma Afzal

    (Lahore School of Economics, Lahore, Pakistan.)

  • Ginger Turner

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.

Suggested Citation

  • Farah Said & Uzma Afzal & Ginger Turner, 2014. "Attitudes Towards Risk in the Wake of a Rare Event: Evidence from Pakistan," CREB Working papers 2-2014, Centre for Research in Economics and Business, The Lahore School of Economics, revised 2014.
    • Handle: RePEc:lje:wpaper:2-2014
    as

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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    Keywords

    North-South; growth model; innovation assimilation;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

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