Despite the growing numbers of forcibly displaced persons worldwide, many people living under conflict choose not to flee. Individuals face two lotteries -- staying or leaving -- characterized by two distributions of potential outcomes. This paper proposes to model the choice between these two lotteries using quantile maximization as opposed to expected utility theory. The paper posits that risk-averse individuals aim at minimizing losses by choosing...
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INFORMATION
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2018/03/26
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Document de travail de recherche sur les politiques
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WPS8376
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1
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1
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2018/03/26
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Disclosed
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Risk preferences and the decision to flee conflict
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conflict and violence