Natural Disasters and Risk, Time, and Trust Preferences - Rapid Response Research (RAPID) [2013 - 2014]
Project end date: July 31, 2014
This Rapid Response Research (RAPID) grant from the National Science Foundation will enable researchers to begin investigating whether life coping strategies change in the aftermath of a significant natural disaster such as the category five tornado in Moore, Oklahoma. On May 20, 2013 a category five tornado struck the Oklahoma City suburb of Moore. The tornado, more than a mile wide, resulted in massive damage and 24 fatalities.
This research will investigate whether a natural disaster such as this alters a person’s propensity to; 1) think and plan for the future or 2) accept more or less risk or 3) trust government and neighbors more or less. Knowledge about what happens to risk, time and trust preferences after a disaster is important since these preferences can directly affect individual and government post-disaster decisions about investing in rebuilding, recovery and future disaster preparation.
Implementation: Aug. 2013 – Jul. 2014.