Do actions speak louder than words? Comparing the effect of risk aversion on objective and self-reported mitigation measures

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2020
Volume: 169
Issue: C
Pages: 301-313

Authors (7)

Champ, Patricia A. (not in RePEc) Meldrum, James R. (Government of the United State...) Brenkert-Smith, Hannah (not in RePEc) Warziniack, Travis W. (Ruprecht-Karls-Universität Hei...) Barth, Christopher M. (not in RePEc) Falk, Lilia C. (not in RePEc) Gomez, Jamie B. (not in RePEc)

Score contribution per author:

0.287 = (α=2.01 / 7 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this article, we empirically examine whether the relationship between risk aversion and self-reported risk mitigating behavior is similar to the relationship between risk aversion and an objective measure of risk mitigating behavior. Despite higher levels of risk mitigation in the self-reported measure relative to the objective measure, we find risk aversion is similarly correlated with both measures of wildfire risk mitigation. These results provide some confidence in the use of self-reported behaviors in examinations of risk preferences and risky behaviors, even if the self-reports understate objective behavioral measures.

Technical Details

RePEc Handle
repec:eee:jeborg:v:169:y:2020:i:c:p:301-313
Journal Field
Theory
Author Count
7
Added to Database
2026-01-26