FACW_ECON_1985_1537534X_Brookshire_Thayer_Tschirhart_Schulze.pdf (15.78 MB)
Download file

Test of the Expected Utility Model: Evidence from Earthquake Risks, A

Download (15.78 MB)
journal contribution
posted on 15.11.2021, 21:28 by D. S. Brookshire, M. A. Thayer, John T. Tschirhart, W. D. Schulze
The purposes of this paper are twofold. The first is to demonstrate that the expected utility hypothesis is a reasonable description of behavior for consumers who face a low-probability, high-loss natural hazard event, given that they have adequate information. The second is to demonstrate that in California information non earthquake hazards was generated by a 1974 state law that created a market for safe housing that previously did not exist.

History

ISO

eng

Language

English

Publisher

University of Wyoming. Libraries

Journal title

Journal of Political Economy

Collection

Faculty Publications - Economics

Department

  • Library Sciences - LIBS

Usage metrics

Keywords

Licence

Exports