This paper examines the effects that Hurricane Katrina has on individuals in terms of where they locate with housing. Individuals, after Hurricane Katrina can be more risk-averse, or more risk-taking when deciding on where to locate with respect to ground zero because of the perceived notion that another natural disaster could occur again. The hypothesis that distance was significant in housing value from ground zero was confirmed until a certain point, when the distance from ground zero was not significant anymore. Linear regression, tested and corrected, confirms the hypothesis that distance from ground zero is significant when analyzing housing values.


Burnell, James


Business Economics


Behavioral Economics | Economics | Economic Theory | Growth and Development | Urban Studies and Planning

Publication Date


Degree Granted

Bachelor of Arts

Document Type

Senior Independent Study Thesis



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