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Book
Handbook of multivariate experimental psychology
Authors: ---
ISBN: 0306425262 1461282322 1461308933 9780306425264 Year: 1988 Publisher: New York: Plenum,


Book
Measuring Risk Preferences in Rural Ethiopia : Risk Tolerance and Exogenous Income Proxies
Authors: --- --- --- --- --- et al.
Year: 2014 Publisher: Washington, D.C., The World Bank,

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Abstract

Risk-aversion has generally been found to decrease in income. This may lead one to expect that poor countries will be more risk-averse than rich countries. Recent comparative findings with students, however, suggest the opposite, giving rise to a risk-income paradox. This paper tests this paradox by measuring the risk preferences of more than 500 household heads spread over the highlands of Ethiopia and finds high degrees of risk tolerance. The paper also finds risk tolerance to increase in income proxies, thus completing the paradox. Using exogenous proxies, the paper concludes that part of the causality must run from income to risk tolerance. The findings suggest that risk preferences cannot be blamed for the failure to adopt new technologies. Alternative explanations are discussed.

Erfolg oder Misserfolg? Ergebnisse experimentell-psychologischer Forschung von 1930 bis 1979
Author:
ISBN: 3534043642 9783534043644 Year: 1987 Volume: 198 Publisher: Darmstadt: Wissenschaftliche Buchgesellschaft,

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