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Risk preferences, preventive behaviour, and the probability of a loss: Empirical evidence from the COVID-19 pandemic

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  • Kalwij, Adriaan

Abstract

A theoretical model of optimal choice under risk, in which an individual chooses the level of prevention to avoid a loss, has the ambiguous prediction that a higher risk-taking preference increases the probability of a loss.

Suggested Citation

  • Kalwij, Adriaan, 2023. "Risk preferences, preventive behaviour, and the probability of a loss: Empirical evidence from the COVID-19 pandemic," Social Science & Medicine, Elsevier, vol. 334(C).
    • Handle: RePEc:eee:socmed:v:334:y:2023:i:c:s0277953623005269
    DOI: 10.1016/j.socscimed.2023.116169
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