Dhaval Dave, Daniel Dench, Donald Kenkel, Alan Mathios, Hua Wang
{"title":"News that Takes Your Breath Away: Risk Perceptions During an Outbreak of Vaping-related Lung Injuries.","authors":"Dhaval Dave, Daniel Dench, Donald Kenkel, Alan Mathios, Hua Wang","doi":"10.1007/s11166-020-09329-2","DOIUrl":"https://doi.org/10.1007/s11166-020-09329-2","url":null,"abstract":"<p><p>We study the impact of new information on people's perceptions of the risks of e-cigarettes. In September 2019 the U.S. experienced an outbreak of e-cigarette, or vaping, associated lung injuries (EVALI). The EVALI outbreak created an information shock, which was followed by additional new information in a later CDC recommendation. We use data on consumer risk perceptions from two sets of surveys conducted before (HINTS survey data) and during the EVALI outbreak (Google Survey data). The empirical model examines changes in risk perceptions during the early crisis period when the CDC was warning consumers that they should avoid all vaping products and during a later period when the message was refined and focused on a narrower set of illegal vaping products that contain THC (the main psychoactive compound in marijuana). Econometric results suggest that the immediate impact of the first information shock was to significantly increase the fraction of respondents who perceived e-cigarettes as more harmful than smoking. As the outbreak subsided and the CDC recommendation changed to emphasize the role of THC e-cigarette products, e-cigarette risk perceptions were only partially revised downwards. Individuals who had higher risk perceptions showed a weaker response to the first information shock but were more likely to later revise their risk perceptions downwards. We conclude the paper by discussing the public policy issues that stem from having risk perceptions of e-cigarette relative to combustible cigarettes remain at these elevated levels where a substantial portion of consumers believe that e-cigarettes are more harmful than cigarettes.</p>","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"60 3","pages":"281-307"},"PeriodicalIF":4.7,"publicationDate":"2020-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11166-020-09329-2","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"39420590","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Do people have a bias for low deductible insurance?","authors":"H. Kunreuther, M. Pauly","doi":"10.1007/s11166-022-09368-x","DOIUrl":"https://doi.org/10.1007/s11166-022-09368-x","url":null,"abstract":"","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"64 1","pages":"1 - 17"},"PeriodicalIF":4.7,"publicationDate":"2020-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47244264","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Randy Dumm, David L. Eckles, Charles Nyce, Jacqueline Volkman-Wise
{"title":"The representative heuristic and catastrophe-related risk behaviors","authors":"Randy Dumm, David L. Eckles, Charles Nyce, Jacqueline Volkman-Wise","doi":"10.1007/s11166-020-09324-7","DOIUrl":"https://doi.org/10.1007/s11166-020-09324-7","url":null,"abstract":"","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"60 1","pages":"157 - 185"},"PeriodicalIF":4.7,"publicationDate":"2020-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11166-020-09324-7","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48549715","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The uncertainty triangle – Uncovering heterogeneity in attitudes towards uncertainty","authors":"Daniel R. Burghart, Thomas Epper, E. Fehr","doi":"10.1007/s11166-020-09331-8","DOIUrl":"https://doi.org/10.1007/s11166-020-09331-8","url":null,"abstract":"","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"60 1","pages":"125 - 156"},"PeriodicalIF":4.7,"publicationDate":"2020-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11166-020-09331-8","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48481151","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Broad bracketing for low probability events","authors":"Shereen J. Chaudhry, M. Hand, H. Kunreuther","doi":"10.2139/ssrn.3537938","DOIUrl":"https://doi.org/10.2139/ssrn.3537938","url":null,"abstract":"Individuals tend to underprepare for rare, catastrophic events because of biases in risk perception. A simple form of broad bracketing—presenting the cumulative probability of loss over a longer time horizon—has the potential to alleviate these barriers to accurate risk perception and increase protective actions such as purchasing flood insurance. However, it is an open question whether broad bracketing effects last over time: There is evidence that descriptive probability information is ignored when decisions are based on “experience” (repeatedly and in the face of feedback), which characterizes many protective decisions. Across six incentive-compatible experiments with high stakes, we find that the broad bracketing effect does not disappear or change size when decisions are made from experience. We also advance our understanding of the mechanisms underlying broad bracketing, finding that, while cumulative probability size is a strong driver of the effect, this is dampened for larger brackets leading people to be less sensitive to probability size.","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"1 1","pages":"1-34"},"PeriodicalIF":4.7,"publicationDate":"2020-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47629259","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Towards a typology of risk preference: Four risk profiles describe two-thirds of individuals in a large sample of the U.S. population","authors":"Renato Frey, Shannon Duncan, E. Weber","doi":"10.1007/s11166-022-09398-5","DOIUrl":"https://doi.org/10.1007/s11166-022-09398-5","url":null,"abstract":"","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"66 1","pages":"1-17"},"PeriodicalIF":4.7,"publicationDate":"2020-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47064813","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Private security, maritime piracy and the provision of international public safety","authors":"Gregory J. DeAngelo, T. Smith","doi":"10.1007/s11166-020-09323-8","DOIUrl":"https://doi.org/10.1007/s11166-020-09323-8","url":null,"abstract":"","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"60 1","pages":"77 - 97"},"PeriodicalIF":4.7,"publicationDate":"2020-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11166-020-09323-8","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52529761","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Lu Jinks, T. Kniesner, John D. Leeth, A. L. Lo Sasso
{"title":"Opting out of workers’ compensation: Non-subscription in Texas and its effects","authors":"Lu Jinks, T. Kniesner, John D. Leeth, A. L. Lo Sasso","doi":"10.1007/s11166-020-09320-x","DOIUrl":"https://doi.org/10.1007/s11166-020-09320-x","url":null,"abstract":"","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"60 1","pages":"53 - 76"},"PeriodicalIF":4.7,"publicationDate":"2020-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11166-020-09320-x","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52529740","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Levent Neyse, Ferdinand M. Vieider, P. Ring, C. Probst, C. Kaernbach, T. Eimeren, Ulrich Schmidt
{"title":"Risk attitudes and digit ratio (2D:4D): Evidence from prospect theory","authors":"Levent Neyse, Ferdinand M. Vieider, P. Ring, C. Probst, C. Kaernbach, T. Eimeren, Ulrich Schmidt","doi":"10.1007/s11166-020-09321-w","DOIUrl":"https://doi.org/10.1007/s11166-020-09321-w","url":null,"abstract":"","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"60 1","pages":"29 - 51"},"PeriodicalIF":4.7,"publicationDate":"2020-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11166-020-09321-w","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46512672","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Thoughts and prayers – Do they crowd out charity donations?","authors":"Linda Thunström","doi":"10.1007/s11166-020-09322-9","DOIUrl":"https://doi.org/10.1007/s11166-020-09322-9","url":null,"abstract":"","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"60 1","pages":"1 - 28"},"PeriodicalIF":4.7,"publicationDate":"2020-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11166-020-09322-9","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47673630","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}