Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/181423 
Year of Publication: 
2017
Series/Report no.: 
TVSEP Working Paper No. WP-004
Publisher: 
Leibniz Universität Hannover, Thailand Vietnam Socio Economic Panel (TVSEP), Hannover
Abstract: 
In this paper, we compare experimentally measured individual risk attitudes and survey-based risk items for rural households in the province of Dak Lak in Southern Vietnam. In particular, we test whether the survey-based measure can be validated by a risk experiment among different ethnic groups. Albeit we find that ethnic minorities are on average more risk averse than the ethnic majority, our results show similar correlations between risk attitudes and socio-economic characteristics among the two ethnic groups. Testing the explanatory power of the survey-based risk item shows the validity of this measure among different ethnic groups. Our findings have potentially important implications. First, the survey-based item is effective to measure risk attitudes of a multiethnic community. Second, our findings also suggest that the assumption of a "self-reinforcing culture of poverty" which is often attributed to minority group of Vietnam should be challenged in the light of these results.
Subjects: 
Ethnic minorities
Survey risk items
Risk experiments
JEL: 
C83
C93
Z19
Document Type: 
Working Paper

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