Liebenehm, Sabine; Degener, Nele; Strobl, Eric - 2018
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 … composition of non-farmers and by farmers' ability to mitigate rainfall shocks. Our findings have potentially important …