This study investigates the complex link between natural disasters, individual behaviour - in the form of an individual's risk-taking propensity and level of trust - and the demand for microinsurance. Developing countries are particularly vulnerable to the impacts of natural hazards and climate change as they affect their development processes and set back poverty reduction efforts. Using a unique data set for rural Cambodia based on a survey, experimental games and a discrete choice experiment, the study highlights the importance of perceptions, expectations and psychological factors in decision-making processes with substantial consequences for long-term economic perspectives and poverty alleviation.

Diese Studie untersucht den komplexen Zusammenhang zwischen Naturkatastrophen, individuellem Verhalten - in Form von individueller Risikobereitschaft und Vertrauensniveau - und der Nachfrage nach Mikroversicherungen. Entwicklungslander sind besonders anfallig fur die Auswirkungen von Naturkatastrophen und Klimawandel, da diese ihre Entwicklungsprozesse beeintrachtigen und die Bemuhungen zur Armutsbekampfung zuruckwerfen. Unter Verwendung eines einzigartigen Datensatzes fur das landliche Kambodscha, der auf einer Umfrage, experimentellen Spielen und einem diskreten Auswahlexperiment basiert, unterstreicht die Studie die Bedeutung von Wahrnehmungen, Erwartungen und psychologischen Faktoren in Entscheidungsprozessen mit erheblichen Folgen fur langfristige wirtschaftliche Perspektiven und die Armutsbekampfung.

This study investigates the complex link between natural disasters, individual behaviour - in the form of an individual's risk-taking propensity and level of trust - and the demand for microinsurance. Developing countries are particularly vulnerable to the impacts of natural hazards and climate change as they affect their development processes and set back poverty reduction efforts. Using a unique data set for rural Cambodia based on a survey, experimental games and a discrete choice experiment, the study highlights the importance of perceptions, expectations and psychological factors in decision-making processes with substantial consequences for long-term economic perspectives and poverty alleviation.