LB insurance online risk game

  • von Bülow, Catharina Wolff (PI)

Project Details


In collaboration with a Danish insurance company, we tested the influence of personality traits, preferences, perception, vulnerability and socioeconomic attributes on adaptation decisions of 310 insurance policyholders.

Key findings

The results show that adaptation is strongly correlated with risk levels, and significantly correlated with risk aversion as well as experience of a climate change event. For the psychometric measures we find that the personality trait of being open to experience has a significant negative influence on adaptation. Personality traits of honesty, extraversion, agreeableness and conscientiousness are significantly correlated with subjectively reported flood risk levels. Within personal characteristics, we find that community sense of coherence has a significant negative correlation with self-reported flood risk. The results for domain-specific risk-taking and perception, including a flood domain extension, show that adaptation is negatively correlated with risk taking and positively correlated with risk perception. The risk attitude measure is also correlated with flood domain specific risk perception.
Effective start/end date01/12/202010/03/2022


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