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Natural Disasters and Individual Behaviour in Developing Countries: Risk, Trust and the Demand for Microinsurance

Natural Disasters and Individual Behaviour in Developing Countries: Risk, Trust and the Demand for Microinsurance

Paperback

Series: Contributions to Economics

Business GeneralEconomics

ISBN10: 331985271X
ISBN13: 9783319852713
Publisher: Springer
Published: May 8 2018
Pages: 195
Weight: 0.66
Height: 0.44 Width: 6.14 Depth: 9.21
Language: English

This study investigates the complex link between natural disasters, individual behaviour - in the form of an individual's risk-taking propensity and level of trust - and the demand for microinsurance. Developing countries are particularly vulnerable to the impacts of natural hazards and climate change as they affect their development processes and set back poverty reduction efforts. Using a unique data set for rural Cambodia based on a survey, experimental games and a discrete choice experiment, the study highlights the importance of perceptions, expectations and psychological factors in decision-making processes with substantial consequences for long-term economic perspectives and poverty alleviation.

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