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Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 4225
Verlag: 
Institute for the Study of Labor (IZA), Bonn
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.
Schlagwörter: 
Risk attitudes
ambiguity attitudes
poverty
cultural differences
JEL: 
D81
C93
O12
Dokumentart: 
Working Paper

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