Corpus ID: 153002640

Does the exposure to natural hazards affect risk and time preferences? Some insights from a field experiment in Perú

@inproceedings{Bchir2013DoesTE,
  title={Does the exposure to natural hazards affect risk and time preferences? Some insights from a field experiment in Per{\'u}},
  author={Mohamed Ali Bchir and Marc Georg Willinger},
  year={2013}
}
We report the results of an experiment on voluntary contributions to a public good in which we implement a redistribution of the group endowment among group members in a lump sum manner. We study the impact of redistribution on group contribution, on individuals’ contribu- tions according to their endowment and on welfare. Our experimental results show that welfare increases when equality is broken, as predicted by theory (Itaya, De Meza & Myles, 1997), because the larger contribution of the… Expand

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