Menkhoff, Lukas; Sakha, Sahra - 2016
We use a repeated incentivized risk experiment in rural Thailand to test determinants of changes in the level of …- andmicro-level shocks. Strong macroeconomic recovery following the 2007/08 financial crisis makes people more risk … negative economic and agricultural shocks increase risk aversion. Subjective perceptions of well-being and expectations also …