Are People Risk Vulnerable?
نویسندگان
چکیده
The paper reports on a within-subject experiment, with substantial monetary incentives, designed to test wether or not people are risk-vulnerable. In the experiment, subjects face a simple portfolio choice problem in which they have to invest part of their wealth in a safe and a risky asset. We elicit risk vulnerability by observing each subject’s portfolio choice in two different contexts that only differ by the presence of a significant but actuarially neutral background risk. We find that most subjects, 78.3%, are risk-vulnerable. Precisely, 52.6% have invested less in the risky asset when exposed to background risk and 25.7% were indifferent. Thus only 21.7% of the subjects have invested strictly more in the risky asset when exposed to background risk.
منابع مشابه
Microbiological Food Safety for Vulnerable People
Foodborne pathogens are more likely to cause infection and to result in serious consequences in vulnerable people than in healthy adults. People with some increase in susceptibility may form nearly 20% of the population in the UK and the USA. Conditions leading to increased susceptibility are listed. The main factors leading to foodborne disease caused by major pathogens are outlined and exampl...
متن کاملتحلیل فضایی آسیبپذیری سکونتگاههای شهری و روستایی در برابر مخاطره زلزله مطالعه موردی: استان گیلان
The field of natural hazards research has a rich history in geography, appropriately so because it involves conflicts between physical processes and human systems. Natural events occur without direct human effect and endanger his social life. Events that enforce average annual up to 150000 human damages and more than 140 milliard dollars financial damages on counties and especially developing c...
متن کاملمداخلات ویژهی سوگ برای کمک به کودکان داغدیده
Grieving following the death of loved ones is a natural and necessary process. Many people experience it and grief symptoms of most people recover over time, but a group of people haven’t skills and abilities that are needed to solve the mourning process, which could be source of many psychological problems. Bereaved children are vulnerable group and they are at risk of social and psychol...
متن کاملDetermining Factors Affecting Fire Risk in a Hospital in Qazvin, Iran
Background: Hospitals are highly vulnerable to fire because of the presence of vulnerable people (patients, medical staff, and visitors), expensive equipment, and the ignorance and low-risk perception of occupants. Injuries caused by fire can result in life and financial losses and can disrupt the performance of a hospital. Fire risk assessment is an effective way to assess vulnerability, capac...
متن کاملDisabled people and their vulnerability and challenges in disaster situation-case study: Study of Disability in Tehran City with emphasize on womans
Background:More than one million Iranians live with a disability. Research has shown that people with disabilities are more vulnerable to disasters. The lack of knowledge and awareness, as well as accurate information and comprehensive statistical data on people with disabilities, is one of the major challenges in the first few days of the disaster, which leads to inaccurate programming and mor...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
- Management Science
دوره 61 شماره
صفحات -
تاریخ انتشار 2015