-Saharan Africa. The results show that the dis-aggregated risk preference measures revealed substantial shock effects that were …While economists in the past tended to assume that individual preferences, including risk preferences, are stable over … time, a recent literature has developed that indicates that risk preferences respond to shocks. This paper combines survey …

facilitated a comprehensive assessment of shock effects on experimental risk premiums with varying probabilities of good and bad … semiarid rural environment in Sub-Saharan Africa, we find that the covariate drought shock had negative effects on risk …While economists in the past tended to assume that individual preferences, including risk preferences, are stable over …