Abstract
Abstract
Many individuals experience problems understanding and preparing for
low-probability/high-impact risk, like natural disasters and pandemics –
unless they experience these events, yet then it is often too late to avoid
damages. Individuals with recent disaster risk experience are, on average,
better prepared. This seems to be mediated through emotions and a better
understanding of the consequences. In this study, we use immersive virtual
reality (VR) technology to examine whether a simulated disaster can
stimulate people to invest in risk reducing measures in the context of
flooding, which is one of the deadliest and most damaging natural disasters
in the world. We investigate the possibility to boost risk perception,
coping appraisal, negative emotions and damage-reducing behavior through a
simulated flooding experience. We find that participants who experienced the
virtual flood invest significantly more in the flood risk investment game
than those in the control group. The investments in the VR treatment seem to
decrease after four weeks but not significantly so.
Publisher
Cambridge University Press (CUP)
Subject
Economics and Econometrics,Applied Psychology,General Decision Sciences
Cited by
26 articles.
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