Understanding Household Preferences for Hurricane Risk Mitigation Information: Evidence from Survey Responses

Risk Analysis

Volumn 34, Issue 6, 2014, Pages 984-996

  Chatterjee, Chiradip ^a   Mozumder, Pallab ^b  

^a UNIVERSITY OF NORTH FLORIDA   (United States)

^b FLORIDA INTERNATIONAL UNIVERSITY   (United States)

Author keywords

Hurricane; Information; Risk communication; Risk mitigation

Indexed keywords

HURRICANES; INSPECTION;

EMPIRICAL ANALYSIS; INFORMATION; MITIGATION MEASURES; PERSONALIZED INFORMATION; PRIOR EXPERIENCE; RISK COMMUNICATION; RISK INFORMATION; RISK MITIGATION;

RISK ASSESSMENT;

ANALYTICAL FRAMEWORK; DISASTER MANAGEMENT; HOUSEHOLD SURVEY; HURRICANE; INCENTIVE; INSURANCE SYSTEM; MITIGATION; PREFERENCE BEHAVIOR; RISK ASSESSMENT; STORM DAMAGE; VULNERABILITY;

FLORIDA [UNITED STATES]; UNITED STATES;

CONSUMER ATTITUDE; DISASTER PLANNING; HURRICANE; INFORMATION PROCESSING; RISK REDUCTION; UNITED STATES;

CONSUMER BEHAVIOR; CYCLONIC STORMS; DATA COLLECTION; DISASTER PLANNING; FLORIDA; RISK REDUCTION BEHAVIOR;

EID: 84903487757     PISSN: 02724332     EISSN: 15396924     Source Type: Journal    
DOI: 10.1111/risa.12196     Document Type: Article

References (49)

1. Multihazard Mitigation Council (MMC). Report: Natural Hazard Mitigation Saves: An Independent Study to Assess the Future Savings from Mitigation Activities, Vol. 1 - Findings, Conclusions and Recommendations. Washington, DC, 2005.
2. Lindell MK, Prater CS. Household adoption of seismic hazard adjustments: A comparison of residents in two states. International Journal of Mass Emergencies and Disasters, 2000; 18:13-25.
3. Merrell D, Simmons KM, Sutter D. The determinants of tornado casualties and the benefits of tornado shelters. Land Economics, 2005; 81(1):87-99.
4. Thieken AH, Petrow T, Kreibich H, Merz B. Insurability and mitigation of flood losses in private households in Germany. Risk Analysis, 2006; 26(2):383-395.
5. Siegrist M, Gutscher H. Natural hazards and motivation for mitigation behavior: People cannot predict the affect evoked by a severe flood. Risk Analysis, 2008; 28(3):771-778.
6. Ge Y, Peacock WG, Lindell MK. Florida households' expected responses to hurricane hazard mitigation incentives. Risk Analysis, 2011; 31(10):1676-1691.
7. Crowther KG, Haimes YY, Taub G. Systemic valuation of strategic preparedness through application of the inoperability input-output model with lessons learned from Hurricane Katrina. Risk Analysis, 2007; 27(5):1345-1364.
8. Englehardt JD. Scale invariance of incident size distributions in response to sizes of their causes. Risk Analysis, 2002; 22(2):369-381.
9. Yokota F, Thompson KM. Value of information analysis in environmental health risk management decisions: Past, present, and future. Risk Analysis, 2004; 24(3):635-650.
10. Weber EU, Siebenmorgen N. Communicating asset risk: How name recognition and the format of historic volatility information affect risk perception and investment decisions. Risk Analysis, 2005; 25(3):597-609.
11. National Science Board. Report: Hurricane Warning: The Critical Need for a National Hurricane Research Initiative. Arlington, VA: National Science Board (NSB-06-115), 2007.
12. Mozumder P, Helton R, Berrens R. The value of a wildfire risk map in the wildland urban interface. Working Paper, Department of Environmental Studies, Florida International University, Miami, FL, 2008.
13. Santella N, Steinberg LJ, Sengul H. Petroleum and hazardous material releases from industrial facilities associated with Hurricane Katrina. Risk Analysis, 2010; 30(4):635-649.
14. Khan MS, Suaris W. Design and construction deficiencies and building code adherence. Pp. 133-146 in Cook RA (ed). Hurricanes of 1992. New York: American Society of Civil Engineers, 1994.
15. Lindell MK, Hwang SN. Households' perceived personal risk and responses in a multihazard environment. Risk Analysis, 2008; 28(2):539-556.
16. Griffin RJ, Dunwoody S, Neuwirth K. Proposed model of the relationship of risk information seeking and processing to the development of preventive behaviors. Environmental Research, 1999; 80(2):230-245.
17. Kahlor L, Dunwoody S., Griffin R, Neuwirth K. Predicting information seeking and processing in the context of impersonal risks. Science Communication, 2006; 28(2):163-194.
18. Stiglitz JE. The contributions of the economics of information to twentieth century economics. Quarterly Journal of Economics, 2000; 115(4):1441-1478.
19. Smith VK, Desvousges WH. Risk communication and the value of information: Radon as a case study. Review of Economics and Statistics, 1990; 72(1):137-142.
20. Letson D, Sutter DS, Lazo JK. Economic value of hurricane forecasts: An overview and research needs. Natural Hazards Review, 2007; 8(3):78-86.
21. Schmidt JB, Spreng RA. A proposed model of external consumer information search, Journal of the Academy of Marketing Science, 1996; 24(3):246-256.
22. Trumbo C, Lueck M, Marlatt H, Peek L. The effect of proximity to Hurricanes Katrina and Rita on subsequent hurricane outlook and optimistic bias. Risk Analysis, 2011; 31(12):1907-1918.
23. Kunreuther H, Meyer R, Bulte CV. Risk Analysis for Extreme Events: Economic Incentives for Reducing Future Losses. Gaithersburg, MD: National Institute of Standards and Technology, 2004.
24. Petrakis E, Sartzetakis ES, Xepapadeas A. Environmental information provision as a public policy instrument. Contributions to Economic Analysis & Policy, 2005; 4(1): Article 14.
25. Tietenberg T, Wheeler D. Empowering the community: Information strategies for pollution control. Pp. 85-120 in Folmer H (ed). Frontiers of Environmental Economics. Cheltenham, UK: Edward Elgar, 2001.
26. Costello CJ, Adams RM, Polasky S. The value of El Niño forecasts in the management of salmon: A stochastic dynamic assessment. American Journal of Agricultural Economics, 1998; 80(4):765-777.
27. Bontems P, Thomas A. Information value and risk premium in agricultural production: The case of split nitrogen application for corn. American Journal of Agricultural Economics, 2000; 82(1):59-70.
28. Wilson K, Whitehead J, Edwards R, Willigen V, Maiolo J. All People Are Not the Same: Incorporating Social, Economic and Cultural Factors into Mitigation Planning. Greenville, NC: East Carolina University, 2002.
29. Peacock WG, Brody SD, Highfield W. Hurricane risk perceptions among Florida's single family homeowners. Landscape and Urban Planning, 2005; 73(2-3):120-135.
30. Peacock WG. Hurricane mitigation status and factors influencing mitigation status among Florida's single-family homeowners. Natural Hazards Review, 2003; 4(3):1-10.
31. Smith VK, Carbone JC, Pope JC, Hallstorm DG, Darden ME. Adjusting to natural disasters. Journal of Risk and Uncertainty, 2006; 33(1-2):37-54.
32. Simmons KM, Kruse JB, Smith DA. Valuing mitigation: Real estate market response to hurricane loss reduction measures. Southern Economic Journal, 2002; 68(3):660-671.
33. Prater CS, Lindell MK. Politics of hazard mitigation. Natural Hazard Review, 2000; 1(2):73-82.
34. My Safe Florida Home (MSFH), 2008. Available at: http://www.mysafefloridahome.com/law.asp, Accessed January 17, 2012.
35. Florida Association of Insurance Agents (FAIA), 2007. Available at: http://www.faia.com/core/contentmanager/uploads/Legislative%20Department/PDFs/Legislative%20Summaries/2007%20Legislative%20Summary.pdf, Accessed January 17, 2012.
36. Volunteer Florida Foundation (VFF), 2008. My Safe Florida Home Non-Profit Program Progress Report. Florida Foundation. Available at: http://www.volunteerfloridafoundation.org/pdfs/legislative_update033108.pdf, Accessed January 17, 2012.
37. Margolis H. Dealing with Risk. Chicago, IL: University of Chicago Press, 1996.
38. Hausman JA, Wise DA. A conditional probit model for qualitative choice: Discrete decisions recognizing interdependence and heterogeneous preferences. Econometrica, 1978; 46(2):403-426.
39. Cohen J, Cohen P. Applied Multiple Regression/Correlation Analysis for the Behavioral Sciences. Hillsdale, NJ: Erlbaum, 1983.
40. Mozumder P, Helton R, Berrens RP. Provision of a wildfire risk map: Informing residents in the wildland urban interface. Risk Analysis, 2009; 29(11):1588-1600.
41. Kusenbach M. Salvaging decency: Mobile home residents' strategies of managing the stigma of "trailer" living. Qualitative Sociology, 2009; 32(4):399-428.
42. Kahneman D, Lovallo D. Timid choices and bold forecasts: A cognitive perspective on risk taking. Management Science, 1993; 39(1): 17-31.
43. Savage I. Demographic influences on risk perceptions. Risk Analysis, 1993; 13(4):413-420.
44. Spinnewijn J. Insurance and perceptions: How to screen optimists and pessimists. Economic Journal, 2013; 123:606-633.
45. Johnson BB. Advancing understanding of knowledge's role in lay risk perception. Risk Issues in Health and Safety Journal, 1993; 4(3):189-211.
46. Perry RW, Lindell MK. Twentieth Century Volcanicity at Mt. St. Helens: The Routinization of Life Near an Active Volcano. Pullman, WA: Washington State University Press, 1990.
47. Perry RW, Lindell MK. Predicting long term adjustment to volcano hazard. International Journal of Mass Emergencies and Disasters, 1990; 8:117-136.
48. Burby RJ. Hurricane Katrina and the paradoxes of government disaster policy: Bringing about wise governmental decisions for hazardous areas. Annals of the American Academy of Political and Social Science, 2006; 604:171-191.
49. Varian HR. Economic aspects of personal privacy. Topics in Regulatory Economics and Policy, 2002; 43:127-138.