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According to life history theory, people who perceive resource scarcity will elicit a fast life history strategy and focus on their reproduction. On the other hand, people who perceive abundance will elicit a slow life history strategy and focus on their self-development. Natural environments are associated with adopting slow strategies while urban environments are associated with fast strategies. Life history strategies have been found to have a significant impact on individuals’ behavior. In three studies we investigate the impact of natural and urban environment on three different aspects of economic decision making: risk seeking behavior, saving behavior and bet-hedging. Contrary to the predictions of the literature we found no significant difference between the impact of natural and urban environments on those three economic behaviors.
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