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Auteur Philip T. Ganderton |
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1683 - The Role of Geoscience Information in Reducing Catastrophic Loss Using a Web-Based Economics Experiment (Bulletin de U.S. Geological Survey professional paper, 1683 [01/01/2003]) / Richard L. Bernknopf
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Titre : 1683 - The Role of Geoscience Information in Reducing Catastrophic Loss Using a Web-Based Economics Experiment Type de document : texte imprimé Auteurs : Richard L. Bernknopf, Auteur ; David S. Brookshire, Auteur ; Philip T. Ganderton, Auteur Année de publication : 2003 Importance : 1 vol. (v-29 p.) Présentation : ill. Format : 28 cm Langues : Américain (ame) Résumé : What role can geoscience information play in the assessment of risk and the value of insurance, especially for natural hazard type risks? In an earlier, related paper Ganderton and others (2000) provided subjects with relatively simple geoscience information concerning natural hazard-type risks. Their research looked at how subjects purchase insurance when faced with relatively low probability but high loss risks of the kind that characterize natural hazards and now, increasingly, manmade disasters. They found evidence to support the expected utility theory (definitions of economics terms can be found in a glossary at the end of report), yet there remained the implication that subjects with excessive aversion to risk were willing to pay considerably more for insurance than the actuarially fair price plus any reasonable risk premium. Here, we report the results of additional experiments that provide further support for the basic postulates of expected utility theory. However, these new experiments add considerably to the decision environment facing subjects by offering an option to purchase geoscientific information that would assist them when calculating expected losses from hazards more accurately. Using an Internet-based mechanism to present information and gather data in an experimental setting, this research provided subjects with considerable textual and graphical information, and time to process it. [n° ou bulletin]Exemplaires(1)
Code-barres Origine Cote Support Section Disponibilité FFS002057 2.2 USGS PP Périodiques Géographique Exclu du prêt