Abstract
We compared risk attitudes among rural people in Tanzania and Kenya using an experimental design where payoffs were defined and quantified in maize and milk production. About 42% of the sample revealed different risk attitude between the two payoff types. The difference was mainly explained by household livelihood strategy, geographical location and ethnicity. Hence, appropriate pay-off metrics differ across contexts and different metrics may provide noncomparable results that does not reflect intrinsic risk attitude.
| Originalsprog | Engelsk |
|---|---|
| Tidsskrift | Applied Economics Letters |
| Vol/bind | 26 |
| Udgave nummer | 8 |
| Sider (fra-til) | 703-706 |
| Antal sider | 4 |
| ISSN | 1350-4851 |
| DOI | |
| Status | Udgivet - 2019 |
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