Is households’ risk attitude robust to different experimental payoffs?
Research output: Contribution to journal › Journal article › Research › peer-review
We compared risk attitudes among rural people in Tanzania and Kenya using an experimental design where payoffs were defined and quantified in maize and milk production. About 42% of the sample revealed different risk attitude between the two payoff types. The difference was mainly explained by household livelihood strategy, geographical location and ethnicity. Hence, appropriate pay-off metrics differ across contexts and different metrics may provide noncomparable results that does not reflect intrinsic risk attitude.
Original language | English |
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Journal | Applied Economics Letters |
Volume | 26 |
Issue number | 8 |
Pages (from-to) | 703-706 |
Number of pages | 4 |
ISSN | 1350-4851 |
DOIs | |
Publication status | Published - 2019 |
ID: 199126896