Holden, Stein Terje; Tilahun, Mesfin - 2023
natural experiment with covariate (drought) and idiosyncratic shocks in combination with an independent field risk experiment …. The risk experiment uses a Certainty Equivalent - Multiple Choice List (CE-MCL) approach and is played 1-2 years after the … outcomes. The experiment also facilitates the estimation of the utility curvature in an Expected Utility (EU) model, and …