Large Risks with Low Probabilities: Perceptions and Willingness to Take Preventive Measures Against Flooding
This volume contains studies of one particular category of risky situations, namely, those involving highly negative consequences with low probabilities. Situations of this type involve both natural and man-made disasters (e.g. floods, technological hazards, economic crises, epidemics, etc.). Such risks are characterized by two features: (1) they occur relatively rarely (the probability of their occurrence is very low) and (2) they have extremely negative consequences (they are catastrophic). Such events generally cannot be prevented, but one can both try to anticipate them and undertake actions aimed at ameliorating their negative consequences. Consequently, the first part of the book is devoted to risk perception issues. It includes studies devoted to the following questions which arise when people have to deal with probabilities, and small probabilities in particular: How can probabilistic information be communicated effectively? What is the impact of emotions on perceptions of, and reactions to, probabilistic information? Other relevant issues are also discussed. The second part of the book is devoted to protection and insurance against risk. Thus, it includes studies answering the following questions: What determines a person's willingness to take preventive actions in areas susceptible to severe flooding? How do people form their own risk estimates?
Research presented in the book extends our knowledge of human behavior in situations characterized by large risks and low probabilities, leading to better comprehension of the functioning of cognitive and affective processes in perception and decision making in situations where uncertainty and risk are accompanied by highly negative consequences.
ISBN: 9781780408590 (Hardback)
ISBN: 9781780408606 (eBook)
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Table of Contents
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Psychological reactions to environmental hazardsByTadeusz Tyszka;Tadeusz Tyszka1Centre for Economic Psychology and Decision Sciences, Kozminski University, Jagiellońska 57/59, 03-301 Warsaw, PolandSearch for other works by this author on:Piotr ZielonkaPiotr Zielonka2Warsaw University of Life Sciences, Nowoursynowska 159, 02-787 Warsaw, PolandSearch for other works by this author on:
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Overweighting versus underweighting of small probabilitiesByKatarzyna Idzikowska;Katarzyna Idzikowska1Centre for Economic Psychology and Decision Sciences, Kozminski University, Jagiellońska 57/59, 03-301 Warsaw, PolandSearch for other works by this author on:Rafał Muda;Rafał Muda2Faculty of Economics, Maria Curie-Sklodowska University, Plac Marii Curie-Skłodowskiej 5, 20-031 Lublin, PolandSearch for other works by this author on:Sabina Kołodziej;Sabina Kołodziej1Centre for Economic Psychology and Decision Sciences, Kozminski University, Jagiellońska 57/59, 03-301 Warsaw, PolandSearch for other works by this author on:Piotr ZielonkaPiotr Zielonka3Warsaw University of Life Sciences, Nowoursynowska 159, 02-787 Warsaw, PolandSearch for other works by this author on:
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The communication of probabilistic informationBySabina Kołodziej;Sabina Kołodziej1Centre for Economic Psychology and Decision Sciences, Kozminski University, Jagiellońska 57/59, 03-301 Warsaw, PolandSearch for other works by this author on:Katarzyna Idzikowska;Katarzyna Idzikowska1Centre for Economic Psychology and Decision Sciences, Kozminski University, Jagiellońska 57/59, 03-301 Warsaw, PolandSearch for other works by this author on:Elton George McGounElton George McGoun2School of Management, Bucknell University, United States, 701 Moore Ave, Lewisburg, PA 17837, USASearch for other works by this author on:
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What determines willingness to take preventive actions in areas experiencing severe flooding?ByTadeusz Tyszka;Tadeusz Tyszka1Centre for Economic Psychology and Decision Sciences, Kozminski University, Jagiellońska 57/59, 03-301 Warsaw, PolandSearch for other works by this author on:Roman KoniecznyRoman Konieczny2Institute of Meteorology and Water Management – State Research Institute, ul. Podleśna 61, 01-673 WarszawaSearch for other works by this author on:
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Cognitive and emotional factors influencing the propensity to insure oneself against disasterByAgata Sobkow;Agata Sobkow1SWPS University of Social Sciences and Humanities, Wroclaw Faculty of Psychology, Ostrowskiego 30b, 53-238 Wroclaw, PolandSearch for other works by this author on:Jakub Traczyk;Jakub Traczyk1SWPS University of Social Sciences and Humanities, Wroclaw Faculty of Psychology, Ostrowskiego 30b, 53-238 Wroclaw, PolandSearch for other works by this author on:Anna Polec;Anna Polec1SWPS University of Social Sciences and Humanities, Wroclaw Faculty of Psychology, Ostrowskiego 30b, 53-238 Wroclaw, PolandSearch for other works by this author on:Tadeusz TyszkaTadeusz Tyszka1SWPS University of Social Sciences and Humanities, Wroclaw Faculty of Psychology, Ostrowskiego 30b, 53-238 Wroclaw, PolandSearch for other works by this author on:
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Peer effects in catastrophic risk insurance take-upByMichał Krawczyk;Michał Krawczyk1Faculty of Economic Sciences, University of Warsaw, 44/50 Długa, 00-241, Warsaw, PolandSearch for other works by this author on:Stefan T. Trautmann;Stefan T. Trautmann2Alfred-Weber-Institute for Economics, University of Heidelberg, Bergheimer Str. 58 (Room 01.029), 69115 Heidelberg, GermanySearch for other works by this author on:Gijs van de KuilenGijs van de Kuilen3Department of Economics and Center, Tilburg University, The Netherlands, P.O. Box 90153, 5000LE Tilburg, The NetherlandsSearch for other works by this author on:
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Education and information as a basis for flood risk management – practical issuesByRoman Konieczny;Roman Konieczny1Institute of Meteorology and Water Management – State Research Institute, Kraków, PolandSearch for other works by this author on:Zbigniew W. Kundzewicz;Zbigniew W. Kundzewicz1Institute of Meteorology and Water Management – State Research Institute, Kraków, PolandSearch for other works by this author on:Małgorzata Siudak;Małgorzata Siudak1Institute of Meteorology and Water Management – State Research Institute, Kraków, PolandSearch for other works by this author on:Jarosław Działek;Jarosław Działek3Institute of Geography and Spatial Management, Jagiellonian University, Kraków, PolandSearch for other works by this author on:Wojciech BiernackiWojciech Biernacki4University of Physical Education in Cracow, Department of Natural Sciences, Kraków, PolandSearch for other works by this author on: