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Do Risk Preferences Change? Evidence from Panel Data before and after the Great East Japan Earthquake
16 references·16 citing·41 second hopsampled
Do Risk Preferences Change? Evidence from Panel Data before and after the Great East Japan Earthquake (2015)Do Risk Preferences Change? Evidence from…On the psychology of poverty (2014)On the psychology of povertyThe Oregon Health Insurance Experiment: Evidence from the First Year* (2012)The Oregon Health Insurance E…The Intergenerational Transmission of Risk and Trust Attitudes (2011)The Intergenerational Transmi…INDIVIDUAL RISK ATTITUDES: MEASUREMENT, DETERMINANTS, AND BEHAVIORAL CONSEQUENCES (2011)INDIVIDUAL RISK ATTITUDES: ME…Depression Babies: Do Macroeconomic Experiences Affect Risk Taking?* (2011)Depression Babies: Do Macroec…Risk Aversion, Wealth, and Background Risk (2008)Risk Aversion, Wealth, and Ba…Peer Influence on Risk Taking, Risk Preference, and Risky Decision Making in Adolescence and Adulthood: An Experimental Study. (2005)Peer Influence on Risk Taking…The behaviour of the maximum likelihood estimator of limited dependent variable models in the presence of fixed effects (2004)The behaviour of the maximum …Risk as feelings. (2001)Risk as feelings.Fear, anger, and risk. (2001)Fear, anger, and risk.Econometric Analysis of Cross Section and Panel Data (2001)Econometric Analysis of Cross…Trust, Emotion, Sex, Politics, and Science: Surveying the Risk‐Assessment Battlefield (1999)Trust, Emotion, Sex, Politics…Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Study (1997)Preference Parameters and Beh…2. De Gustibus Non Est Disputandum (1996)2. De Gustibus Non Est Disput…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Environmental Adaptation of Risk Preferences (2022)Environmental Adaptation of R…Anti-social behaviour and economic decision-making: Panel experimental evidence in the wake of COVID-19 (2022)Anti-social behaviour and eco…Natural disaster and risk-sharing behavior: Evidence from rural Bangladesh (2020)Natural disaster and risk-sha…Risk preferences after a typhoon: An artefactual field experiment with fishers in the Philippines (2019)Risk preferences after a typh…Living like there’s no tomorrow: The psychological effects of an earthquake on savings and spending behavior (2019)Living like there’s no tomorr…Stability of risk attitudes and media coverage of economic news (2018)Stability of risk attitudes a…Importance of a victim-oriented recovery policy after major disasters (2018)Importance of a victim-orient…Storm Damage and Risk Preferences: Panel Evidence from Germany (2017)Storm Damage and Risk Prefere…Natural disasters, social protection, and risk perceptions (2017)Natural disasters, social pro…Does Market Experience Attenuate Risk Aversion? Evidence from Landed Farm Households in Ethiopia (2017)Does Market Experience Attenu…The Well-Being of Elderly Survivors after Natural Disasters: Measuring the Impact of the Great East Japan Earthquake (2016)The Well-Being of Elderly Sur…Stability of Risk Attitudes and Media Coverage of Economic News (2016)Stability of Risk Attitudes a…Extreme Weather and Risk Preference: Panel Evidence from Germany (2016)Extreme Weather and Risk Pref…The Impact of Violence on Individual Risk Preferences: Evidence from a Natural Experiment (2015)The Impact of Violence on Ind…Parenthood and risk preferences (2015)Parenthood and risk preferenc…Economic preferences and attitudes : origins, behavioral impact, stability and measurement (2015)Economic preferences and atti…A domain‐specific risk‐attitude scale: measuring risk perceptions and risk behaviors (2002)Risk Aversion and Incentive Effects (2002)The Polarizing Impact of Science Literacy and Numeracy on Perceived Climate Change Risks (2012)Global Evidence on Economic Preferences* (2018)Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation (1982)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Another look at the instrumental variable estimation of error-components models (1995)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Corporate social responsibility and access to finance (2013)The China Syndrome: Local Labor Market Effects of Import Competition in the United States (2013)Prospect Theory: An Analysis of Decision under Risk (1979)Development and validation of brief measures of positive and negative affect: The PANAS scales. (1988)Prospect theory: An analysis of decision under risk (1988)Power, approach, and inhibition. (2003)Emotion and Decision Making (2014)Judgment under Uncertainty: Heuristics and Biases (1975)Boys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)Human Inference: Strategies and Shortcomings of Social Judgment. (1983)CEO Overconfidence and Corporate Investment (2005)Trusting the Stock Market (2005)Overconfidence and Early‐Life Experiences: The Effect of Managerial Traits on Corporate Financial Policies (2011)Imprinting: Toward a Multilevel Theory (2013)Culture and Institutions (2015)The Death of Nature: Women, Ecology, and the Scientific Revolution (1982)Perception of Risk (1987)The affect heuristic in judgments of risks and benefits (2000)Effects of Fear and Anger on Perceived Risks of Terrorism (2003)Experience-Based and Description-Based Perceptions of Long-Term Risk: Why Global Warming does not Scare us (Yet) (2006)Predictors of public climate change awareness and risk perception around the world (2015)Understanding Attitudes and Predicting Social Behavior (1980)A perspective on judgment and choice: Mapping bounded rationality. (2003)Maps of Bounded Rationality: Psychology for Behavioral Economics (2003)Gender Differences in Preferences (2009)Risk and Rationality in Adolescent Decision Making (2006)Age differences in resistance to peer influence. (2007)Standards of Care for the Health of Transgender and Gender Diverse People, Version 8 (2022)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)On the measurement of inequality (1970)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The arbitrage theory of capital asset pricing (1976)
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References

  • 2001Econometric Analysis of Cross Section and Panel Data27,575 cited
  • 2001Risk as feelings.5,949 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 2011INDIVIDUAL RISK ATTITUDES: MEASUREMENT, DETERMINANTS, AND BEHAVIORAL CONSEQUENCES3,906 cited
  • 2001Fear, anger, and risk.3,309 cited
  • 2011Depression Babies: Do Macroeconomic Experiences Affect Risk Taking?*2,479 cited
  • 1997Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Study2,399 cited
  • 2005Peer Influence on Risk Taking, Risk Preference, and Risky Decision Making in Adolescence and Adulthood: An Experimental Study.2,216 cited
  • 1999Trust, Emotion, Sex, Politics, and Science: Surveying the Risk‐Assessment Battlefield1,896 cited
  • 2012The Oregon Health Insurance Experiment: Evidence from the First Year*1,672 cited
  • 2014On the psychology of poverty1,634 cited
  • 2004The behaviour of the maximum likelihood estimator of limited dependent variable models in the presence of fixed effects1,208 cited
  • 19962. De Gustibus Non Est Disputandum1,110 cited
  • 2008Risk Aversion, Wealth, and Background Risk

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1,054 cited
  • 2011The Intergenerational Transmission of Risk and Trust Attitudes1,035 cited
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    • 2020Natural disaster and risk-sharing behavior: Evidence from rural Bangladesh27 cited
    • 2016The Well-Being of Elderly Survivors after Natural Disasters: Measuring the Impact of the Great East Japan Earthquake20 cited
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    • 2015The Impact of Violence on Individual Risk Preferences: Evidence from a Natural Experiment9 cited
    • 2018Importance of a victim-oriented recovery policy after major disasters9 cited
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