Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/319338 
Year of Publication: 
2024
Citation: 
[Journal:] Economic Inquiry [ISSN:] 1465-7295 [Volume:] 63 [Issue:] 2 [Publisher:] Wiley [Year:] 2024 [Pages:] 568-590
Abstract: 
Abstract Does exposure to a more risky environment affect risk preferences? Going beyond single‐case study evidence, we report results from five surveys conducted in three countries and link this with administrative data to study whether a link between exposure and preferences is detectable and widespread. We find no evidence for endogenous preferences in Norway and Tanzania, but relatively strong evidence in Chile, where differences in risk exposure are most pronounced. Moreover, we make a first pass at disentangling selection from adaptation as potential mechanisms. For Tanzania and Norway, the data speaks for selection, while it speaks for adaptation in Chile.
Subjects: 
adaptation
endogenous preferences
exposure
selection
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version
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