stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …

The existing literature suggests that when the saving decision of two-earner households under risk is analysed …, standard assumptions suffice for precautionary saving to exist under increases in risk of the first and second orders, but not …

We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the …

We study whether natural disasters affect risk-taking behavior exploiting geographic variation in exposure to natural … disasters. We conduct standard risk games (using real money) with randomly selected individuals in Indonesia and find that … individuals who recently suffered a flood or earthquake exhibit more risk aversion than individuals living in otherwise like …

We looked at risk and ambiguity attitudes among Ethiopian peasants in one of the poorest regions of the world and … compared their attitudes to a standard Western university student sample elicited by the same decision task. Strong risk … students, but peasants were more risk averse. Testing for the effect of socio-economic variables on uncertainty attitudes …

are too impatient to save and too risk averse to take the sort of chances needed to accumulate wealth. The empirical … the issues confounding previous analyses of the links between risk preferences and well-being. Our sample includes more … on risk preferences, we find little evidence of robust links between risk aversion and well-being. However, when we …

as an instrument for investment in cattle. We find average returns in the order of -2% at the mean, but they vary across …

regime depends on the redistributive pressure, the willingness to take risk, and the return on investment. …Sharing is a norm in many societies. We present a theoretical model on the trade-off between sharing and investment … patterns: entrepreneurs following an 'insurance regime' comply with sharing norms, are insured but reduce investment in their …

sizable effect of risk on accumulation and pronounced interactions between wealth and risk. The presented evidence is …

-differential treatment is the main explanation, but empirical support is often weak. I analyze school enrollment using rainfall shocks, a … plausibly exogenous source of income variation. Rainfall shocks matter most for young children and monotonically decline with … age. Girls' school enrollment is more vulnerable to rainfall shocks than that of boys for 6-10 year olds, but there are no …