Do Risk Preferences Change? Evidence from the Great East Japan Earthquake
Do Risk Preferences Change? Evidence from the Great East Japan Earthquake
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DOI：
10.1257/app.20170048
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发表时间：
2018-04-01
影响因子：
6.2
通讯作者：
Watanabe, Yasutora
中科院分区：
文献类型：
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作者：
Hanaoka, Chie;Shigeoka, Hitoshi;Watanabe, Yasutora
我们调查了经历自然灾害后，特别是2011年东日本大地震后，个人的风险偏好是否会发生变化。利用具有全国代表性的风险偏好调查小组，我们发现，经历过更大强度地震的男性在地震后一年变得更能承受风险。有趣的是，地震发生后5年，男性的风险偏好仍然受到影响，其强度几乎与地震发生后不久相同。此外，这些人赌博更多，这。是一致的。风险偏好的变化方向。我们找不到这样的人。女人的模式。
We investigate whether individuals' risk preferences change after experiencing a natural disaster, specifically, the 2011 Great East Japan Earthquake. Exploiting the panels of nationally representative surveys on risk preferences,wefind that men who experienced greater intensity of the earthquake became more risk tolerant a year after the Earthquake. Interestingly, the effects on men's risk preferences are persistent even five years after the Earthquake at almost the same magnitude as those shortly after the Earthquake. Furthermore, these men gamble more, which. is consistent with. the direction of changes in risk preferences. We find no such. pattern for women.