Empirical studies advocating the temporal variability of risk attitudes suggest that adverse covariate shocks significantly alter risk attitudes over time, but there is no consensus on the direction. In this paper, we investigate whether risk aversion increases or decreases in response to...

Since doi moi, Vietnam has made remarkable achievements in many frontiers. However, much effort needs to be done to further improve social and economic sectors, particularly in the context of increasing the number of uncertainties. In analyses using household surveys from Vietnam, this...