Is households’ risk attitude robust to different experimental payoffs?
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Is households’ risk attitude robust to different experimental payoffs? / Walelign, Solomon Zena; Nielsen, Martin Reinhardt; Jacobsen, Jette Bredahl; Jiao, Xi.
I: Applied Economics Letters, Bind 26, Nr. 8, 2019, s. 703-706.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › fagfællebedømt
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TY - JOUR
T1 - Is households’ risk attitude robust to different experimental payoffs?
AU - Walelign, Solomon Zena
AU - Nielsen, Martin Reinhardt
AU - Jacobsen, Jette Bredahl
AU - Jiao, Xi
PY - 2019
Y1 - 2019
N2 - 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.
AB - 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.
U2 - 10.1080/13504851.2018.1489496
DO - 10.1080/13504851.2018.1489496
M3 - Journal article
VL - 26
SP - 703
EP - 706
JO - Applied Economics Letters
JF - Applied Economics Letters
SN - 1350-4851
IS - 8
ER -
ID: 199126896