Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 21, 2022 erstellt
Description:
Incidents of intense violence can cause a variety of reactions in direct victims as well as in the general public, most notably post-traumatic stress disorder (PTSD). PTSD may influence an individual’s social behavior, economic preferences, and decision-making. This article examines the way in which post-traumatic events are associated with economic decision-making, time preference, and attitudes toward risk. Specifically, we investigate the effects of rocket attacks on the population of Israel during the Israeli army’s operation "Guardian of the Walls" during May 2021. Our research involved a questionnaire distributed to Israeli civilians affected by the Gaza rocket attacks in various areas of Israel, and its aim was to assess the effects of post-traumatic stress disorder on economic decision-making. It was found that individuals suffering from post-traumatic symptoms are more likely to prefer current consumption over future consumption than healthy individuals, and they tend to take fewer economic risks than healthy individuals. In light of the above, it is important that individuals who suffer from post-traumatic disorders, their relatives, and therapists be aware of this tendency and take it into consideration