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...
Gespeichert in:
| Weitere Verfasser: | , , , |
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| Dokumenttyp: | Book/Monograph Arbeitspapier |
| Sprache: | Englisch |
| Veröffentlicht: |
Bonn
IZA
2009
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| Schriftenreihe: | IZA discussion papers
4225 |
| In: |
Discussion paper series (4225)
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| Schlagworte: | |
| Online-Zugang: | 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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| Verfasserangaben: | Alpaslan Akay; Peter Martinsson; Haileselassie Medhin; Stefan T. Trautmann |
| Zusammenfassung: | 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 |
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| Beschreibung: | Online Resource |
| Dokumenttyp: | Systemvoraussetzungen: Acrobat Reader. |