We conduct a lab-in-the-field experiment in rural Burkina Faso eliciting subjective exchange rates of the spouses payoff to ones own payoff for those in monogamous and polygamous relationships. Values of these exchange rates suggest significant heterogeneity among households in the consumption...

This study investigates variation over time, space and household and individual characteristics in how people perceive different risks. Using original data from the arid and semi-arid lands of east Africa, we explore which risks concern individuals and how they assess their relative level of...