Portfolio choices and risk preferences in village economies

We use a model of optimal portfolio choice to measure heterogeneity in risk aversion among households in Thai villages. There is substantial heterogeneity in risk preferences, positively correlated in most villages with alternative estimates based on a full risk-sharing model.

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Year of publication:	2013
Authors:	Chiappori, Pierre-Andre ; Samphantharak, Krislert ; Schulhofer-Wohl, Sam ; Townsend, Robert
Institutions:	Federal Reserve Bank of Minneapolis
Subject:	Risk \| Thailand

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 706
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010702112