Divergence between individual perceptions and objective indicators of tail risks: Evidence from floodplain residents in New York City

This study provides the first comprehensive analysis of individual perceptions of tail risks. It focuses not only on the probability, as has been studied by Nicholas Barberis and others, but also on anticipation of damage. We examine how those perceptions relate to experts' estimates and publicly av...

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Detalhes bibliográficos

Principais autores:	W.J. Wouter Botzen, Howard Kunreuther, Erwann Michel-Kerjan
Formato:	Artigo
Idioma:	Inglês
Publicado em:	Cambridge University Press 2015-07-01
Colecção:	Judgment and Decision Making
Assuntos:	tail risk perceptions bounded rationality expected utility theory intuitive thinking low-probability/high-consequence risks risk communication threshold model. NAKeywords
Acesso em linha:	http://journal.sjdm.org/15/15415/jdm15415.pdf
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