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dc.contributor.authorMarkanday, A.
dc.contributor.authorGalarraga, I.
dc.date.accessioned2023-06-16T07:48:59Z
dc.date.available2023-06-16T07:48:59Z
dc.date.issued2021-01-01
dc.identifier.citationClimate Risk Management: 34: 100359 (2021)es_ES
dc.identifier.urihttp://hdl.handle.net/10810/61422
dc.description.abstractThis study explores how decision makers invest in adaptation to protect against flood risks in response to a) different framings of flood risk information, and b) after experiencing losses from a hypothetical flood event. An incentivised economic lab experiment is conducted on a sample of students in Bilbao (Basque Country, Spain). A 2 × 2 between-subject design is used to measure investment behaviour with and without exposure to a flood risk map and after exposure to impacts framed as economic losses versus number of persons affected. Experience is measured through a 2-period repeated game within-subject design. Flood risk maps and impacts framed as number of persons affected were conducive to more experiential forms of decision-making, while decisions based on impacts framed as economic losses were more cognitive in nature. Those that saw text-only framings used a combination of cognitive and experiential factors for making decisions. While exposure to maps evoked more affect-driven responses, they were associated with lower ratings of positive affect and self-efficacy, and resulted in lower investments in protection compared to text-only framings. Greater experiential processing was found for impact framings based on persons affected, but they were not especially effective at increasing personal relevance of the issue or in driving investments. Individuals who experienced losses from a hypothetical flood event had greater ratings of negative affect, and made subsequent decisions that were more affect-driven in nature. In contrast, individuals who did not experience losses had greater ratings of positive affect, and made subsequent decisions based on primarily cognitive factors. Investments in protection reduced for those who did not experience losses, and remained the same for those who did experience losses. Results suggest that changes in adaptation investments between decision points may be dependent on both the experience (or lack thereof) of losses, as well as the extent to which individuals were risk-averse or risk-taking in previous investment decisions. © 2021es_ES
dc.description.sponsorshipThis research was supported by the Horizon 2020 COACCH Project (grant agreement no. 776479). Additionally, it was also supported by the Basque Government through the BERC 2018-2021 program and by the Spanish Ministry of Economy and Competitiveness MINECO through the BC3 María de Maetzu excellence accreditation MDM-2017-0714.es_ES
dc.language.isoenges_ES
dc.publisherClimate Risk Managementes_ES
dc.relationinfo:eu-repo/grantAgreement/EC/H2020/COACCH/776479es_ES
dc.rightsinfo:eu-repo/semantics/openAccesses_ES
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/3.0/es/*
dc.subjectClimate change adaptationes_ES
dc.subjectFlood riskes_ES
dc.subjectLab experimentes_ES
dc.subjectRisk communicationes_ES
dc.titleThe cognitive and experiential effects of flood risk framings and experience, and their influence on adaptation investment behavioures_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
dc.rights.holder© 2021 The Author(s).es_ES
dc.rights.holderAtribución-NoComercial-CompartirIgual 3.0 España*
dc.relation.publisherversionhttps://dx.doi.org/10.1016/j.crm.2021.100359es_ES
dc.identifier.doi10.1016/j.crm.2021.100359


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Except where otherwise noted, this item's license is described as © 2021 The Author(s).