"This paper uses models of irreversible investment under uncertainty to examine the investment and abandonment behavior … irreversibility, uncertainty, fixed costs and liquidity constraints. The findings highlight the importance of addressing volatility …

rural India in order to measure preferences related to risk, potential loss, and ambiguity. Disaggregating by gender, we … find that on average women are significantly more risk averse and loss averse than men, though the higher average risk … aversion arises due to a greater share of women who are extremely risk averse. …

educated, rich, and proactive individuals were more likely to purchase insurance. Risk aversion was associated with low … risk reduced demand for insurance, particularly when the price of the contract was high, and that provision of insurance …

While there is a fast-growing policy interest in offering financial products to help rural households manage risk, the … instruments. We found that female farm managers were less likely to purchase agricultural insurance and more likely to invest in … hypothesize that this difference results from the fact that although men and women are equally exposed to yield risk, women face …

manage drought risk: weather index insurance and a recently released drought-tolerant rice variety. We illustrate how these … tools can independently address drought risk and demonstrate the potential for these tools to be combined in a complementary … risk management product. Using a discrete choice experiment, we assess farmers’ preferences for these two tools …