Anna Lou Abatayo|John Lynham
Risk preferences after a typhoon: An artefactual field experiment with fishers in the Philippines
Bocconi University|University of Hawai?i at M?noa|University of Hawai?i at M?noa
risk preferences stable change general individual preferences tend consistent across time space extreme shocks natural disasters appear change people make economic decisions conduct artefactual field experiment fishers remote island philippines investigate effect typhoon bopha risk preferences along fairness time preferences typhoon destroyed coral reefs reduced populations fish weakening food security comparing individuals communities directly hit typhoon observe evidence affected typhoon less risk averse stratifying sample gender observe strong evidence females affected typhoon riskloving females unaffected typhoon results consistent hypothesis extreme negative events cause individuals willing accept greater risk return larger financial reward