The locus of dread for mass shooting risks: Distinguishing alarmist risk beliefs from risk preferences

Dalafave, Rachel; Viscusi, W. Kip

doi:10.1007/s11166-023-09403-5

J Risk Uncertain

2023

DOI: 10.1007/s11166-023-09403-5

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The locus of dread for mass shooting risks: Distinguishing alarmist risk beliefs from risk preferences

Rachel Dalafave

W. Kip Viscusi

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Cited by 4 publications

References 26 publications

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A double-bounded risk-risk trade-off analysis of heatwave-related mortality risk: Evidence from India

Chilton,

Duxbury,

Mussio

et al. 2024

J Risk Uncertain

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As climate variability is increasing, extreme events such as temperature fluctuations are expected to become more frequent. Low- and middle-income countries (LMICs) are especially vulnerable to heat-related variability and its ensuing impacts on mortality. Therefore, there is an urgent need to understand how citizens in LMICs trade-off climate-related mortality risks with other risks such as traffic accidents, and what values they place on reducing such risks. As populations in LMICs are income-constrained, we adopt a non-monetary, risk-risk trade-off (RRTO) valuation method instead of the standard willingness-to-pay stated preference-based approach. We estimate the resulting risk premium for heatwave-related mortality risks through an adapted double-bounded, dichotomous choice approach to establish whether, on average, people value avoiding these risks more compared to reducing traffic risks. Using a sample of over 2,300 individuals from across seven states in India, a country with one of the highest heat-related mortality globally, we estimate the heatwave risk mortality premium to be between 2.2–2.9, indicating that on average, individuals weigh reducing heatwave-related mortality risks more than two times that of reducing traffic accident mortality risks. Based on a standard benefit transfer methodology for LMICs, this premium translates to a Value of Statistical Life (VSL) of USD 0.37–2.61 million for India.

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A double-bounded risk-risk trade-off analysis of heatwave-related mortality risk: Evidence from India

Chilton,

Duxbury,

Mussio

et al. 2024

J Risk Uncertain

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Risk perception of SMEs: strategic risks, family-related risks, external risks

Glowka,

Hule,

Zehrer

2024

Risk Manag

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While risk perception is essential in understanding risk-taking behavior, the risk perception of Small- and Medium-sized Enterprises (SMEs) remains widely unexplored. Analyzing the current business situation of about 1000 German companies, we present stylized facts on the perception of risks. Our first result is that five out of twelve risks are dominantly perceived. The second result is a classification of all possible 4096 risk profiles into eight classes of ideal types of risk perception. Finally, we investigate which factors determine the probability of perceived risks using information on size, industry sector, and business situation of companies, together with data on their equity and family firm status. We use logistic regressions to investigate their impact. Data show that a good business situation lowers the probability of perceiving some of the strategic risks. We strongly argue to focus more strongly on risk perception for creating a better understanding of how SMEs take risks and manage uncertainty.

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‘There are also unknown unknowns’: a resilience-informed approach for forecasting and monitoring management reserve in projects

Zarghami

2024

International Journal of Production Research

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The locus of dread for mass shooting risks: Distinguishing alarmist risk beliefs from risk preferences

Cited by 4 publications

References 26 publications

A double-bounded risk-risk trade-off analysis of heatwave-related mortality risk: Evidence from India

A double-bounded risk-risk trade-off analysis of heatwave-related mortality risk: Evidence from India

Risk perception of SMEs: strategic risks, family-related risks, external risks

‘There are also unknown unknowns’: a resilience-informed approach for forecasting and monitoring management reserve in projects

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