Measuring Risk Preferences in Rural Ethiopia : Risk Tolerance and Exogenous Income Proxies

Measuring Risk Preferences in Rural Ethiopia : Risk Tolerance and Exogenous Income Proxies

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 r...

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Bibliographic Details
Main Authors: Vieider, Ferdinand M., Beyene, Abebe, Bluffstone, Randall, Dissanayake, Sahan, Gebreegziabher, Zenebe, Martinsson, Peter, Mekonnen, Alemu
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank Group, Washington, DC 2015
Subjects:
APPLICATIONS
CATASTROPHIC EVENTS
CLASSICAL ECONOMICS
CORRELATION ANALYSIS
CORRELATIONS
DATA QUALITY
DECISION MAKING
DECISION THEORY
DEVELOPMENT ECONOMICS
DEVELOPMENT POLICY
ECONOMETRIC ANALYSIS
ECONOMETRICS
ECONOMIC CONDITIONS
ECONOMIC GROWTH
ECONOMIC IMPLICATIONS
ECONOMIC THEORY
EXPECTED UTILITY
EXPECTED VALUE
EXPERIMENTAL DATA
EXPERIMENTAL ECONOMICS
FAMINE
FARMERS
FUNCTIONAL FORMS
GDP
GDP PER CAPITA
GROWTH THEORY
HUMAN CAPITAL
HYPOTHESES
INCENTIVE EFFECTS
INCOME
INCOME MEASURES
INDEPENDENT VARIABLES
INSTRUMENTAL VARIABLES
INSURANCE
INVESTIGATIONS
LOTTERIES
LOTTERY
LOW TRUST
MARGINAL UTILITY
MATRIX
MAXIMUM LIKELIHOOD ESTIMATION
MEDICINE
NEUTRALITY
OPTIMIZATION
POLITICAL ECONOMY
POOR FARMERS
PROBABILITIES
PROBABILITY
PRODUCTIVITY
PROGRAMS
PURCHASING POWER
RANDOMIZATION
RATES
REGRESSION ANALYSIS
RISK AVERSE
RISK AVERSION
RISK EXPOSURE
RISK MANAGEMENT
RISK NEUTRAL
RISK PREMIUM
STANDARD ERRORS
STARVATION
STATA
STRUCTURAL MODELING
UTILITY FUNCTION
UTILITY FUNCTIONS
UTILITY THEORY
VALIDITY
WEALTH
WORLD HEALTH ORGANIZATION
Online Access:http://documents.worldbank.org/curated/en/2014/12/23026054/measuring-risk-preferences-rural-ethiopia-risk-tolerance-exogenous-income-proxies
http://hdl.handle.net/10986/21135

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