Is households’ risk attitude robust to different experimental payoffs?

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 - 2019/5/4

Y1 - 2019/5/4

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

SN - 1350-4851

VL - 26

SP - 703

EP - 706

JO - Applied Economics Letters

JF - Applied Economics Letters

IS - 8

ER -