Journal of Risk and Uncertainty最新文献

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Justice in an uncertain world: Evidence on donations to cancer research 不确定世界中的正义:癌症研究捐款的证据
IF 4.7 2区 经济学
Journal of Risk and Uncertainty Pub Date : 2021-06-01 DOI: 10.1007/s11166-021-09348-7
Tigran Melkonyan, Zvi Safra, Sinong Ma
{"title":"Justice in an uncertain world: Evidence on donations to cancer research","authors":"Tigran Melkonyan, Zvi Safra, Sinong Ma","doi":"10.1007/s11166-021-09348-7","DOIUrl":"https://doi.org/10.1007/s11166-021-09348-7","url":null,"abstract":"","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"155 1","pages":"281 - 311"},"PeriodicalIF":4.7,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52529822","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}
引用次数: 1
Experimental evidence on the effect of incentives and domain in risk aversion and discounting tasks 风险规避和贴现任务中激励和领域效应的实验证据
IF 4.7 2区 经济学
Journal of Risk and Uncertainty Pub Date : 2021-06-01 DOI: 10.1007/s11166-021-09354-9
E. Mentzakis, Jana Sadeh
{"title":"Experimental evidence on the effect of incentives and domain in risk aversion and discounting tasks","authors":"E. Mentzakis, Jana Sadeh","doi":"10.1007/s11166-021-09354-9","DOIUrl":"https://doi.org/10.1007/s11166-021-09354-9","url":null,"abstract":"","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"62 1","pages":"203 - 224"},"PeriodicalIF":4.7,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11166-021-09354-9","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43846893","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}
引用次数: 4
Learning under uncertainty with multiple priors: experimental investigation 多先验不确定性下的学习:实验研究
IF 4.7 2区 经济学
Journal of Risk and Uncertainty Pub Date : 2021-04-01 DOI: 10.1007/s11166-021-09351-y
J. Bland, Yaroslav Rosokha
{"title":"Learning under uncertainty with multiple priors: experimental investigation","authors":"J. Bland, Yaroslav Rosokha","doi":"10.1007/s11166-021-09351-y","DOIUrl":"https://doi.org/10.1007/s11166-021-09351-y","url":null,"abstract":"","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"62 1","pages":"157 - 176"},"PeriodicalIF":4.7,"publicationDate":"2021-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11166-021-09351-y","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43245620","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}
引用次数: 0
Adversity-hope hypothesis: Air pollution raises lottery demand in China 逆境希望假说:空气污染增加中国彩票需求
IF 4.7 2区 经济学
Journal of Risk and Uncertainty Pub Date : 2021-02-08 DOI: 10.1007/s11166-021-09353-w
S. Chew, Haoming Liu, A. Salvo
{"title":"Adversity-hope hypothesis: Air pollution raises lottery demand in China","authors":"S. Chew, Haoming Liu, A. Salvo","doi":"10.1007/s11166-021-09353-w","DOIUrl":"https://doi.org/10.1007/s11166-021-09353-w","url":null,"abstract":"","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"62 1","pages":"247 - 280"},"PeriodicalIF":4.7,"publicationDate":"2021-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11166-021-09353-w","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46287477","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}
引用次数: 4
On the validity of the estimates of the VSL from contingent valuation: Evidence from the Czech Republic 从或有估价看VSL估计数的有效性:来自捷克共和国的证据
IF 4.7 2区 经济学
Journal of Risk and Uncertainty Pub Date : 2021-02-01 DOI: 10.1007/s11166-021-09347-8
A. Alberini, Milan Ščasný
{"title":"On the validity of the estimates of the VSL from contingent valuation: Evidence from the Czech Republic","authors":"A. Alberini, Milan Ščasný","doi":"10.1007/s11166-021-09347-8","DOIUrl":"https://doi.org/10.1007/s11166-021-09347-8","url":null,"abstract":"","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"62 1","pages":"55 - 87"},"PeriodicalIF":4.7,"publicationDate":"2021-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11166-021-09347-8","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41560632","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}
引用次数: 3
The Modest Effects of Fact Boxes on Cancer Screening. 事实框对癌症筛查的适度影响。
IF 4.7 2区 经济学
Journal of Risk and Uncertainty Pub Date : 2021-02-01 Epub Date: 2021-02-17 DOI: 10.1007/s11166-021-09344-x
Michael R Eber, Cass R Sunstein, James K Hammitt, Jennifer M Yeh
{"title":"The Modest Effects of Fact Boxes on Cancer Screening.","authors":"Michael R Eber,&nbsp;Cass R Sunstein,&nbsp;James K Hammitt,&nbsp;Jennifer M Yeh","doi":"10.1007/s11166-021-09344-x","DOIUrl":"https://doi.org/10.1007/s11166-021-09344-x","url":null,"abstract":"<p><p>As health care becomes increasingly personalized to the needs and values of individual patients, informational interventions that aim to inform and debias consumer decision-making are likely to become important tools. In a randomized controlled experiment, we explore the effects of providing participants with published fact boxes on the benefits and harms of common cancer screening procedures. Female participants were surveyed about breast cancer screening by mammography, while male participants were surveyed about prostate cancer screening by prostate-specific antigen (PSA) testing. For these screening procedures, we expect consumers to have overly optimistic prior beliefs about the benefits and harms. We find that participants update their beliefs about the net benefits of screening modestly, but we observe little change in their stated preferences to seek screening. Participants who scored higher on a numeracy test updated their beliefs about screening benefits more in response to the fact boxes than did participants who scored lower on the numeracy test.</p>","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"62 1","pages":"29-54"},"PeriodicalIF":4.7,"publicationDate":"2021-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11166-021-09344-x","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"39307610","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}
引用次数: 3
Insurance decisions under nonperformance risk and ambiguity. 不履约风险和模糊性下的保险决策。
IF 4.7 2区 经济学
Journal of Risk and Uncertainty Pub Date : 2021-01-01 Epub Date: 2021-11-26 DOI: 10.1007/s11166-021-09364-7
Timo R Lambregts, Paul van Bruggen, Han Bleichrodt
{"title":"Insurance decisions under nonperformance risk and ambiguity.","authors":"Timo R Lambregts,&nbsp;Paul van Bruggen,&nbsp;Han Bleichrodt","doi":"10.1007/s11166-021-09364-7","DOIUrl":"https://doi.org/10.1007/s11166-021-09364-7","url":null,"abstract":"<p><p>An important societal problem is that people underinsure against risks that are unlikely or occur in the far future, such as natural disasters and long-term care needs. One explanation is that uncertainty about the risk of non-reimbursement induces ambiguity averse and risk prudent decision makers to take out less insurance. We set up an insurance experiment to test this explanation. Consistent with the theoretical predictions, we find that the demand for insurance is lower when the nonperformance risk is ambiguous than when it is known and when decision makers are risk prudent. We cannot attribute the lower take-up of insurance to our measure of ambiguity aversion, probably because ambiguity attitudes are richer than aversion alone.</p><p><strong>Supplementary information: </strong>The online version contains supplementary material available at 10.1007/s11166-021-09364-7.</p>","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"63 3","pages":"229-253"},"PeriodicalIF":4.7,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8625686/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"39694271","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}
引用次数: 4
Risk Taking with Left- and Right-Skewed Lotteries. 左偏和右偏彩票的风险承担。
IF 4.7 2区 经济学
Journal of Risk and Uncertainty Pub Date : 2021-01-01 Epub Date: 2021-05-01 DOI: 10.1007/s11166-021-09345-w
Douadia Bougherara, Lana Friesen, Céline Nauges
{"title":"Risk Taking with Left- and Right-Skewed Lotteries<sup />.","authors":"Douadia Bougherara,&nbsp;Lana Friesen,&nbsp;Céline Nauges","doi":"10.1007/s11166-021-09345-w","DOIUrl":"https://doi.org/10.1007/s11166-021-09345-w","url":null,"abstract":"<p><p>While much literature has focused on preferences regarding risk, preferences over skewness also have significant economic implications. An important and understudied aspect of skewness preferences is how they affect risk taking. In this paper, we design a novel laboratory experiment that elicits certainty equivalents over lotteries where the variance and skewness of the outcomes are orthogonal to each other. This design enables us to cleanly measure both skewness seeking/avoiding and risk taking behavior, and their interaction, without needing to make parametric assumptions. Our experiment includes both left- and right-skewed lotteries. The results reveal that the majority of subjects are skewness avoiding risk takers who correspondingly also take more risk when facing less skewed lotteries. Our second contribution is to link these choices to individual rank-dependent utility preference parameters estimated using a separate lottery choice protocol. Using a latent-class model, we are able to identify two classes of subjects: skewness avoiders with the classic inverse s-shaped probability weighting function and skewness neutral subjects that do not have an inverse s-shaped probability weighting function. Our results thus demonstrate the link between probability distortion and skewness seeking/avoidance choices. They also highlight the importance of accounting for individual heterogeneity.</p><p><strong>Supplementary information: </strong>The online version contains supplementary material available at 10.1007/s11166-021-09345-w.</p>","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"62 1","pages":"89-112"},"PeriodicalIF":4.7,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s11166-021-09345-w","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"38964575","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}
引用次数: 6
Risk avoidance, offsetting community effects, and COVID-19: Evidence from an indoor political rally. 风险规避、社区效应抵消和COVID-19:来自室内政治集会的证据。
IF 4.7 2区 经济学
Journal of Risk and Uncertainty Pub Date : 2021-01-01 Epub Date: 2021-10-22 DOI: 10.1007/s11166-021-09359-4
Dhaval Dave, Andrew Friedson, Kyutaro Matsuzawa, Drew McNichols, Connor Redpath, Joseph J Sabia
{"title":"Risk avoidance, offsetting community effects, and COVID-19: Evidence from an indoor political rally.","authors":"Dhaval Dave,&nbsp;Andrew Friedson,&nbsp;Kyutaro Matsuzawa,&nbsp;Drew McNichols,&nbsp;Connor Redpath,&nbsp;Joseph J Sabia","doi":"10.1007/s11166-021-09359-4","DOIUrl":"https://doi.org/10.1007/s11166-021-09359-4","url":null,"abstract":"<p><p>The Centers for Disease Control and Prevention (CDC) deem large indoor gatherings without social distancing the \"highest risk\" activity for COVID-19 contagion. On June 20, 2020, President Donald J. Trump held his first mass campaign rally following the US coronavirus outbreak at the indoor Bank of Oklahoma arena. In the weeks following the event, numerous high-profile national news outlets reported that the Trump rally was \"more than likely\" the cause of a coronavirus surge in Tulsa County based on time series data. This study is the first to rigorously explore the impacts of this event on social distancing and COVID-19 spread. First, using data from SafeGraph Inc, we show that while non-resident visits to census block groups hosting the Trump event grew by approximately 25 percent, there was no decline in net stay-at-home behavior in Tulsa County, reflecting important offsetting behavioral effects. Then, using data on COVID-19 cases from the CDC and a synthetic control design, we find little evidence that COVID-19 grew more rapidly in Tulsa County, its border counties, or in the state of Oklahoma than each's estimated counterfactual during the five-week post-treatment period we observe. Difference-in-differences estimates further provide no evidence that COVID-19 rates grew faster in counties that drew relatively larger shares of residents to the event. We conclude that offsetting risk-related behavioral responses to the rally-including voluntary closures of restaurants and bars in downtown Tulsa, increases in stay-at-home behavior, displacement of usual activities of weekend inflows, and smaller-than-expected crowd attendance-may be important mechanisms.</p><p><strong>Supplementary information: </strong>The online version contains supplementary material available at 10.1007/s11166-021-09359-4.</p>","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"63 2","pages":"133-167"},"PeriodicalIF":4.7,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8535106/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"39578544","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}
引用次数: 3
Efficient Institutions and Effective Deterrence: On Timing and Uncertainty of Formal Sanctions. 高效制度与有效威慑:论正式制裁的时机和不确定性》。
IF 4.7 2区 经济学
Journal of Risk and Uncertainty Pub Date : 2021-01-01 Epub Date: 2021-07-23 DOI: 10.1007/s11166-021-09352-x
Johannes Buckenmaier, Eugen Dimant, Ann-Christin Posten, Ulrich Schmidt
{"title":"Efficient Institutions and Effective Deterrence: On Timing and Uncertainty of Formal Sanctions.","authors":"Johannes Buckenmaier, Eugen Dimant, Ann-Christin Posten, Ulrich Schmidt","doi":"10.1007/s11166-021-09352-x","DOIUrl":"10.1007/s11166-021-09352-x","url":null,"abstract":"<p><p>Economic theory suggests that the deterrence of deviant behavior is driven by a combination of <i>severity</i> and <i>certainty</i> of punishment. This paper presents the first controlled experiment to study a third important factor that has been mainly overlooked: the <i>swiftness</i> of formal sanctions. We consider two dimensions: the timing at which the uncertainty about whether one will be punished is dissolved and the timing at which the punishment is actually imposed, as well as the combination thereof. By varying these dimensions of delay systematically, we find a surprising non-monotonic relation with deterrence: either no delay (immediate resolution and immediate punishment) or maximum delay (both resolution and punishment as much as possible delayed) emerge as most effective at deterring deviant behavior and recidivism. Our results yield implications for the design of institutional policies aimed at mitigating misconduct and reducing recidivism.</p><p><strong>Supplementary information: </strong>The online version contains supplementary material available at doi:10.1007/s11166-021-09352-x.</p>","PeriodicalId":48066,"journal":{"name":"Journal of Risk and Uncertainty","volume":"62 2","pages":"177-201"},"PeriodicalIF":4.7,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8298200/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"39227712","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}
引用次数: 0
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