The relationship between air quality and financial risk aversion: A view of hetero-geneous response to air pollution (Record no. 532780)

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fixed length control field 01538nam a22001457a 4500
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fixed length control field 260312b ||||| |||| 00| 0 eng d
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Ma, Xunzhou et al
245 ## - TITLE STATEMENT
Title The relationship between air quality and financial risk aversion: A view of hetero-geneous response to air pollution
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc The Developing Economies
300 ## - PHYSICAL DESCRIPTION
Extent 63(2), Jun, 2025: p.183-206
520 ## - SUMMARY, ETC.
Summary, etc This paper conducts experiments on a sample of subjects from Chengdu and Wuhan, China, who are mostly unconcerned about air pollution. We provide evidence on the relationship between air quality and financial risk aversion by assessing the plausibility of two channels: affects and cognitive ability. We find that air pollution increases the financial risk aversion of subjects who are concerned about it by altering their emotional responses. However, the cognitive abilities of our subjects are not affected by air pollution, regardless of whether they are concerned about the pollution or not. Meanwhile, we show that reference dependence effect can explain why most subjects in our sample are not highly concerned about air quality. The results of our study stress the importance of beliefs about the impact of air pollution in determining the relationship between air pollution and human behavior.- Reproduced


https://onlinelibrary.wiley.com/doi/10.1111/deve.12426
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Financial risk aversion, Concern about air quality, Affects, Cognitive ability, China.
9 (RLIN) 59756
773 ## - HOST ITEM ENTRY
Main entry heading The Developing Economies
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Item type Articles
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Permanent location Current location Date acquired Serial Enumeration / chronology Barcode Date last seen Koha item type
          Indian Institute of Public Administration Indian Institute of Public Administration 2026-03-12 63(2), Jun, 2025: p.183-206 AR138297 2026-03-12 Articles

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