To the top

Page Manager: Webmaster
Last update: 9/11/2012 3:13 PM

Tell a friend about this page
Print version

Risk preferences and deve… - University of Gothenburg, Sweden Till startsida
Sitemap
To content Read more about how we use cookies on gu.se

Risk preferences and development revisited

Journal article
Authors Peter Martinsson
P. K. Nam
N. Truong
Published in Theory and Decision
Volume 86
Issue 1
Pages 1-21
ISSN 0040-5833
Publication year 2019
Published at Department of Economics
Pages 1-21
Language en
Links dx.doi.org/10.1007/s11238-018-9674-...
Keywords Risk preferences, Development, Prospect theory, prospect-theory, time-preferences, cotton farmers, attitudes, aversion, probability, heterogeneity, adoption, choice, foundations, Business & Economics, Mathematical Methods In Social Sciences
Subject categories Business Administration

Abstract

We obtain rich measures of the risk preferences of a sample of Vietnamese farmers, and revisit the link between risk preferences and economic well-being. Far from being particularly risk averse, our farmers are on average risk neutral and, thus, more risk tolerant than typical Western subject populations. This generalises recent findings indicating that students in poorer countries are more risk tolerant than students in richer countries to a general population sample. Risk aversion is, furthermore, negatively correlated with income within our sample, but does not correlate with wealth. This also casts doubt on high levels of risk aversion causing failure to adopt new technologies, which we discuss.

Page Manager: Webmaster|Last update: 9/11/2012
Share:

The University of Gothenburg uses cookies to provide you with the best possible user experience. By continuing on this website, you approve of our use of cookies.  What are cookies?