IDEAS home Printed from https://ideas.repec.org/a/gam/jlands/v11y2022i10p1791-d941997.html
   My bibliography  Save this article

Impact of Regional Differences in Risk Attitude on the Power Law at the Urban Scale

Author

Listed:
  • Mengdi Xia

    (School of Landscape Architecture, Zhejiang Agriculture and Forestry University, Hangzhou 311000, China)

  • Zhangwei Lu

    (School of Landscape Architecture, Zhejiang Agriculture and Forestry University, Hangzhou 311000, China)

  • Lihua Xu

    (School of Landscape Architecture, Zhejiang Agriculture and Forestry University, Hangzhou 311000, China)

  • Yijun Shi

    (School of Landscape Architecture, Zhejiang Agriculture and Forestry University, Hangzhou 311000, China)

  • Qiwei Ma

    (School of Landscape Architecture, Zhejiang Agriculture and Forestry University, Hangzhou 311000, China)

  • Yaqi Wu

    (School of Landscape Architecture, Zhejiang Agriculture and Forestry University, Hangzhou 311000, China)

  • Boyuan Sheng

    (School of Landscape Architecture, Zhejiang Agriculture and Forestry University, Hangzhou 311000, China)

Abstract

Internal mechanisms and laws exist in the evolution of cities, and the power law is widely applied in multiple areas in the real world. It is crucial to optimize the urban-scale systems through explanation studies of the urban-scale distribution pattern from the perspective of regional differences in risk attitudes. Based on computer simulation technologies, this study explores the influence of regional differences in risk attitudes of micro decision-makers on the power law through setting scenarios of same attitudes with quantitative differences and mixed multi-attitudes. In this case, we selected six provinces in China to verify the scale characteristic of the real world. The results show that the settlement scale is heavily influenced by risk attitudes with a larger slope, which are more pronounced in the mixed multi-attitudes scenario. The increase in the mixed-scale benefits less affects the utility of risk attitudes, where the slope value of the aversion attitudes has smaller variation. The averse model has a larger primary ratio than the others. However, the primary ratio does not reveal a significant bias towards large and small in the mixed multi-attitude scenario. In the six provinces, the advantageous areas with higher economic and cultural levels show larger-scale agglomeration characteristics similar to the impact of seeking attitudes. The primacy ratio increases with the variation degree in urban scales, especially in economically disadvantaged areas.

Suggested Citation

  • Mengdi Xia & Zhangwei Lu & Lihua Xu & Yijun Shi & Qiwei Ma & Yaqi Wu & Boyuan Sheng, 2022. "Impact of Regional Differences in Risk Attitude on the Power Law at the Urban Scale," Land, MDPI, vol. 11(10), pages 1-16, October.
  • Handle: RePEc:gam:jlands:v:11:y:2022:i:10:p:1791-:d:941997
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2073-445X/11/10/1791/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2073-445X/11/10/1791/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Zhangwei Lu & Lihua Xu & Yaqi Wu & Yijun Shi & Jinyang Deng & Xiaoqiang Shen & Jun Yang, 2021. "The Impact of Risk Preference in Decision Behavior on Urban Expansion Morphology," Complexity, Hindawi, vol. 2021, pages 1-15, February.
    2. Yang, Jinqing & Liu, Zhifeng, 2022. "The effect of citation behaviour on knowledge diffusion and intellectual structure," Journal of Informetrics, Elsevier, vol. 16(1).
    3. Armin Falk & Anke Becker & Thomas Dohmen & Benjamin Enke & David B. Huffman & Uwe Sunde, 2017. "Global Evidence on Economic Preferences," NBER Working Papers 23943, National Bureau of Economic Research, Inc.
    4. Armin Falk & Anke Becker & Thomas Dohmen & Benjamin Enke & David Huffman & Uwe Sunde, 2018. "Global Evidence on Economic Preferences," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(4), pages 1645-1692.
    5. Devadoss, Stephen & Luckstead, Jeff & Danforth, Diana & Akhundjanov, Sherzod, 2016. "The power law distribution for lower tail cities in India," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 442(C), pages 193-196.
    6. Philip Haynes & David Alemna, 2022. "A Systematic Literature Review of the Impact of Complexity Theory on Applied Economics," Economies, MDPI, vol. 10(8), pages 1-23, August.
    7. Tomoya Mori & Takashi Akamatsu & Yuki Takayama & Minoru Osawa, 2022. "Origin of power laws and their spatial fractal structure for city-size distributions," Papers 2207.05346, arXiv.org, revised Apr 2023.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Daniel Horn & Hubert Kiss Janos & Sára Khayouti, 2020. "Does trust associate with political regime?," CERS-IE WORKING PAPERS 2013, Institute of Economics, Centre for Economic and Regional Studies.
    2. Raman Kachurka & Michał W. Krawczyk & Joanna Rachubik, 2021. "Persuasive messages will not raise COVID-19 vaccine acceptance. Evidence from a nation-wide online experiment," Working Papers 2021-07, Faculty of Economic Sciences, University of Warsaw.
    3. Alger, Ingela, 2021. "On the evolution of male competitiveness," Journal of Economic Behavior & Organization, Elsevier, vol. 190(C), pages 228-254.
    4. Jerg Gutmann & Katarzyna Metelska-Szaniawska & Stefan Voigt, 2023. "Leader Characteristics and Constitutional Compliance," Working Papers 2023-11, Faculty of Economic Sciences, University of Warsaw.
    5. Rintaro Yamaguchi, 2019. "Intergenerational Discounting with Intragenerational Inequality in Consumption and the Environment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(4), pages 957-972, August.
    6. Svetlana Abramova & Rainer Böhme & Helmut Elsinger & Helmut Stix & Martin Summer, 2022. "What can CBDC designers learn from asking potential users? Results from a survey of Austrian residents (Svetlana Abramova, Rainer Böhme, Helmut Elsinger, Helmut Stix, Martin Summer)," Working Papers 241, Oesterreichische Nationalbank (Austrian Central Bank).
    7. Bartels, Lara & Kesternich, Martin, 2022. "Motivate the crowd or crowd- them out? The impact of local government spending on the voluntary provision of a green public good," ZEW Discussion Papers 22-040, ZEW - Leibniz Centre for European Economic Research.
    8. Lergetporer, Philipp & Schwerdt, Guido & Werner, Katharina & West, Martin R. & Woessmann, Ludger, 2018. "How information affects support for education spending: Evidence from survey experiments in Germany and the United States," Journal of Public Economics, Elsevier, vol. 167(C), pages 138-157.
    9. Paul Pelzl & Steven Poelhekke, 2023. "Democratization, leader education and growth: firm-level evidence from Indonesia," Journal of Economic Growth, Springer, vol. 28(4), pages 571-600, December.
    10. Rodríguez Chatruc, Marisol & Rozo, Sandra, 2021. "How Does it Feel to Be Part of the Minority?: Impacts of Perspective Taking on Prosocial Behavior," IDB Publications (Working Papers) 11599, Inter-American Development Bank.
    11. Kesternich, Iris & Schumacher, Heiner & Siflinger, Bettina & Valder, Franziska, 2022. "Reservation wages and labor supply," Journal of Economic Behavior & Organization, Elsevier, vol. 194(C), pages 583-607.
    12. Carvajal, Daniel & Franco, Catalina & Isaksson, Siri, 2024. "Will Artificial Intelligence Get in the Way of Achieving Gender Equality?," Discussion Paper Series in Economics 3/2024, Norwegian School of Economics, Department of Economics.
    13. Andersen, Torben M. & Bhattacharya, Joydeep & Gestsson, Marias H., 2021. "Pareto-improving transition to fully funded pensions under myopia," Journal of Demographic Economics, Cambridge University Press, vol. 87(2), pages 169-212, June.
    14. Alain Cohn & Tobias Gesche & Michel André Maréchal, 2022. "Honesty in the Digital Age," Management Science, INFORMS, vol. 68(2), pages 827-845, February.
    15. Huber, Christoph & Huber, Jürgen, 2020. "Bad bankers no more? Truth-telling and (dis)honesty in the finance industry," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 472-493.
    16. Fey, Jan-Christian & Lerbs, Oliver & Schmidt, Carolin & Weber, Martin, 2020. "Risk attitude and capital market participation: Is there a gender investment gap in Germany?," ZEW Discussion Papers 20-080, ZEW - Leibniz Centre for European Economic Research.
    17. Thomas Buser & Huaiping Yuan, 2023. "Public Speaking Aversion," Management Science, INFORMS, vol. 69(5), pages 2746-2760, May.
    18. Graziella Bertocchi & Marianna Brunetti & Anzelika Zaiceva, 2023. "The Financial Decisions of Immigrant and Native Households: Evidence from Italy," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 9(1), pages 117-174, March.
    19. Sonia OREFICCE & Climent Quintana-Domeque, 2021. "Gender inequality in COVID-19 times: evidence from UK prolific participants," JODE - Journal of Demographic Economics, Cambridge University Press, vol. 87(2), pages 261-287, June.
    20. Ajzenman, Nicolás & Aksoy, Cevat Giray & Guriev, Sergei, 2022. "Exposure to transit migration: Public attitudes and entrepreneurship," Journal of Development Economics, Elsevier, vol. 158(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jlands:v:11:y:2022:i:10:p:1791-:d:941997. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.