Risk preferences and development revisited

• DOI: 10.1007/s11238-018-9674-8
• Publication Date: 2018-10-11T21:37:37Z
• Authors: Ferdinand M. Vieider; Peter Martinsson; Pham Khanh Nam; Nghi Truong
• Keywords: Vietnamese; Risk Aversion; Sample (material)

We obtain rich measures of the risk preferences a sample Vietnamese farmers, and revisit link between economic well-being. Far from being particularly averse, our farmers are on average neutral and, thus, more tolerant than typical Western subject populations. This generalises recent findings indicating that students in poorer countries richer to general population sample. Risk aversion is, furthermore, negatively correlated with income within sample, but does not correlate wealth. also casts doubt high levels causing failure adopt new technologies, which we discuss.