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Measuring Risk Pref...
Measuring Risk Preferences in Rural Ethiopia
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Vieider, F. M. (författare)
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Beyene, A. (författare)
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Bluffstone, R. (författare)
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visa fler...
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Dissanayake, S. (författare)
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Gebreegziabher, Z. (författare)
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- Martinsson, Peter, 1969 (författare)
- Gothenburg University,Göteborgs universitet,Institutionen för nationalekonomi med statistik,Department of Economics
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Mekonnen, A. (författare)
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visa färre...
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(creator_code:org_t)
- 2018
- 2018
- Engelska.
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Ingår i: Economic Development and Cultural Change. - 0013-0079. ; 66:3, s. 417-446
- Relaterad länk:
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https://gup.ub.gu.se...
Abstract
Ämnesord
Stäng
- Risk aversion is generally found to decrease in income. Between countries, comparative findings with students suggest that people in poorer countries are more risk tolerant, potentially giving rise to a risk-income paradox. We test the robustness of this finding by measuring the risk preferences of 500 household heads in the highlands of Ethiopia. We find high degrees of risk tolerance, consistent with the evidence obtained for students using the same tasks. The level of risk tolerance is higher than for student samples in most Western and middle-income countries. We also find risk tolerance to increase in income proxies within our sample, thus completing the paradox.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Nyckelord
- probability weighting function
- parameter-free elicitation
- prospect-theory
- gender-differences
- attitudes
- utility
- uncertainty
- aversion
- poverty
- India
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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