between households' perceived exposure to uninsured risk, measured as past exposure to deviations in average rainfall levels … annual rainfall data. Our results show that households that are exposed to risk invest more in unproductive assets to avoid … the depletion of assets. We also consider the interaction between past weather-risk exposure and the actual realization of …

rainfall data for rural Thailand and Vietnam. Our econometric analysis shows that temporal variability in risk attitudes is … driven by rainfall shocks. Both severe shortages and excesses appear to increase individuals' risk aversion. Contrary to …Empirical studies advocating the temporal variability of risk attitudes suggest that adverse covariate shocks …