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Attitudes toward uncertainty among the poor: evidence from rural Ethiopia

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 pea...

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Bibliographic Details
Other Authors: Akay, Alpaslan (Other) , Martinsson, Peter (Other) , Medhin, Haileselassie (Other) , Trautmann, Stefan T. (Other)
Format: Book/Monograph Working Paper
Language:English
Published: Bonn IZA 2009
Series:IZA discussion papers 4225
In: Discussion paper series (4225)

Subjects:
Arbeitspapier
Graue Literatur
Online Access:Verlag, Volltext: http://ftp.iza.org/dp4225.pdf
Download aus dem Internet, Stand: 28.07.2009, Volltext: http://hdl.handle.net/10419/35316
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Author Notes:Alpaslan Akay; Peter Martinsson; Haileselassie Medhin; Stefan T. Trautmann
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Summary: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. -- Risk attitudes ; ambiguity attitudes ; poverty ; cultural differences
Physical Description:Online Resource
Format:Systemvoraussetzungen: Acrobat Reader.

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