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...

results a total of 22 documents were included in the final analysis. most of the documents referred to women, children, elderly people, poor, and villagers as vulnerable people. moreover, the documents did not provide information regarding official measures for protecting vulnerable people during different phases of disaster management. conclusions a clear and comprehensive definition of “vulne...

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