Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/197648
Authors: 
Sepahvand, Mohammad H.
Shahbazian, Roujman
Year of Publication: 
2017
Series/Report no.: 
Working Paper No. 2017:11
Abstract: 
Risk taking is an important topic in Africa, as access to financial institutions and social security is scarce. Data on risk attitudes in Africa is limited and the available data collected might not be reliable. We investigate the determinants of risk attitudes and the reliability of survey data in a sub-Saharan country, like Burkina Faso. Using a large representative panel survey of 31 677 individuals, we analyze the determinants and the test-retest reliability for different risk attitudes in general, traffic and financial matters. Our results show that determinants such as individual's sex and age are significantly associated with willingness to take risk. Women have more reliable risk measures compared to men, older individuals have more reliable risk measures than younger individuals and those with high education exhibit a higher reliability in terms of their self-reported risk attitude compared to people with low education. Reliability differs across risk attitudes; risk-taking in traffic has the highest test-retest reliability followed by willingness to take risk in general and financial matters.
Subjects: 
risk attitudes
determinants of risk-taking
test-retest reliability
Burkina Faso
JEL: 
D0
D81
J10
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
831.83 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.