Flooding is one of the most significant natural disasters worldwide. Nevertheless, voluntary take-up of individual damage reduction measures is low. A potential explanation is that flood risk perceptions of individual homeowners are below objective …
All by myself? Testing descriptive social norm-nudges to increase flood preparedness among homeowners. With Wouter Botzen, Julia Blasch, Elissa Kranzler and Howard Kunreuther.
All by myself? Testing descriptive social norm-nudges to increase flood preparedness among homeowners. With Wouter Botzen, Julia Blasch, Elissa Kranzler and Howard Kunreuther.
This paper presents a lab-in-the-field experiment with 2111 Dutch homeowners in floodplain areas to examine the impacts of financial incentives and behavioral motivations for self-insurance under different flood insurance schemes. We experimentally …