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 …

stimulate effort. Through a real-effort artefactual field experiment with factory workers and university students as a …

This study validates a survey-based measure of general risk attitude by an incentive compatible experiment among more … than 900 participants in rural Thailand. The survey measure of self-assessed risk attitude provides a useful approximation … survey-experiment-relation which are available from the representative household survey and which are related to risk …