Speaker: Huang Yi, assistant professor, Nanjing Audit University

Date: June 16, 2023

Time: 10:00-11:00

Location: Lecture Hall 336, Block B, Zhixin Building, Central Campus

Sponsor: the School of Mathematics, Shandong University

Abstract:

This paper examines what informs dynamic flood insurance decisions. We exploit several information paths available to homeowners, including personal and peers’ experiences and local weather anomalies. Our novelty is factoring in changes in media attention to climate change that could influence homeowners’ beliefs on future flood risks and, in turn, flood insurance decisions over time. In this study, we demonstrate that decision-making processes, while often heuristic in nature, cannot solely rely on event-based experiences for maintaining accurate and up-to-date assessments of flood risk. By leveraging the heightened public awareness of climate change, we highlight the potential of unexpected media attention surrounding climate change as a valuable source of information for updating flood risk perception and promoting dynamic flood insurance uptake.

For more information, please visit:

https://www.view.sdu.edu.cn/info/1020/180947.htm