Akay, Alpaslan () (IZA) Martinsson, Peter () (University of Gothenburg) Medhin, Haileselassie () (University of Gothenburg) Trautmann, Stefan T. () (Tilburg University)
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We looked at risk and ambiguity attitudes among Ethiopian peasants in one of the poorest regions of the world and compared their attitudes to a standard Western university student sample elicited by the same decision task. Strong risk aversion and ambiguity aversion were found with the Ethiopian peasants. Ambiguity aversion was similar for peasants and students, but peasants were more risk averse. Testing for the effect of socio-economic variables on uncertainty attitudes showed that poor health increased both risk and ambiguity aversion.
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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number
4225.
Find related papers by JEL classification: D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
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Kocher, Martin G. & Cherry, Todd & Kroll, Stephan & Netzer, Robert J. & Sutter, Matthias, 2008.
"Conditional cooperation on three continents,"
Economics Letters,
Elsevier, vol. 101(3), pages 175-178, December.
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Martin G. Kocher & Todd L. Cherry & Stephan Kroll & Robert J. Netzer & Matthias Sutter, 2007.
"Conditional cooperation on three continents,"
Working Papers
2007-02, Faculty of Economics and Statistics, University of Innsbruck.
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