000			01538nam a22001457a 4500
999			_c532780 _d532780
008			260312b ||||| |||| 00| 0 eng d
100			_a Ma, Xunzhou et al _959755
245			_aThe relationship between air quality and financial risk aversion: A view of hetero-geneous response to air pollution
260			_aThe Developing Economies
300			_a63(2), Jun, 2025: p.183-206
520			_aThis 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			_aFinancial risk aversion, Concern about air quality, Affects, Cognitive ability, China. _959756
773			_aThe Developing Economies
942			_cAR