| dc.description.abstract | The purpose of this paper was analyzing decision-makers attitudes towards flood protection. To study this, a linear probability model was utilized on survey data to estimate how different attributes affected whether they thought they could protect their property or not. After the regression analysis, I also discussed the ways in which the societies’ damage reparation and compensation schemes may interfere with this choice. The main component of the paper was the regression analysis on whether respondents felt they could protect against climate related damages, such as flooding, or not. From the results, it was shown that income was not a significant effect, while greater concern for climate change, ownership of a detached house, and believing the household is responsible for mitigation increased the likelihood of protection efforts. While Vestland county has historical data on damages caused by flooding, and projections of greater floods in the future, living in Vestland county lowered the likelihood of the respondents agreeing with the ability to protect against natural damages, like flood. Lastly, I discussed the possibility that Norway’s security net of different legislations, acts on Natural Damage, Natural Damage Insurance and Natural Damage Compensation negatively affect the incentives for private preemptive protection, creating moral hazard problems. | nob |