Attitudes toward risk: Experimental measurement in rural india

Hans Binswanger-Mkhize

Artefactual Field Experiments from The Field Experiments Website

Abstract: Attitudes toward risk were measures in 240 households using two methods: an interview method eliciting certainty equivalents and an experimental gambling approach with real payoffs which, at their maximum, exceeded monthly incomes of unskilled laborers. The interview method is subject to interviewer bias and its results were totally inconsistent with the experimental measures of risk aversion. Experimental measures indicate that, at high payoff levels, virtually all individuals are moderately risk-averse with little variation according to personal characteristics. Wealth tends to reduce risk aversion slightly, but its effect is not statistically significant.

Date: 1980
References: Add references at CitEc
Citations: View citations in EconPapers (783)

Downloads: (external link)
http://s3.amazonaws.com/fieldexperiments-papers2/papers/00009.pdf

Related works:
Journal Article: Attitudes Toward Risk: Experimental Measurement in Rural India (1980)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:feb:artefa:00009

Access Statistics for this paper

More papers in Artefactual Field Experiments from The Field Experiments Website
Bibliographic data for series maintained by Francesca Pagnotta ().