Can luck predict risk-taking behavior in games of chance? Economists have not widely studied this issue although overconfidence, optimism-, and pessimism bias have received substantial attention in recent years. In this study, we investigate how good and bad luck outcomes in a simple repeated...

Basic numeracy skills are obviously important for rational decisionmaking when agents are facing choices between risky prospects. Poor and vulnerable people with limited education and numeracy skills live in risky environments and have to make rational decisions in order to survive. How capable...

We have used the standard trust game on a random sample of university students (N=764) and a random sample of rural residents (N=834) in Malawi. The study identifies social preference types (Bauer, Chytilov'a, & Pertold-Gebicka, 2014; Fehr, Glätzle-Rützler, & Sutter, 2013) and how these relate to...

This study is based on a survey of 764 students at the Lilongwe University of Agriculture and Natural Resources (LUANAR), Lilongwe, Malawi. It aims to provide evidence on the extent of exposure to the pandemic among university students, their knowledge and beliefs related to the corona virus and...

This Pre-Analysis Plan is for a Randomized Control Trial (RCT) for recently formed youth business groups in Tigray Region of Ethiopia. Resource-poor rural youth are given a business opportunity by being allocated a rehabilitated land area where they can establish a joint business. They are...

This is a revised plan for the finalization of the "Youth Groups for Sustainable Development: Lessons from the Ethiopian Model" (Researcher project under NORGLOBAL2, funded by the Research Council of Norway). The project started in 2019 and was planned to last for four years. A civil war broke...

The experiments designed to estimate real-life discount rates in intertemporal choice often rely on ordered choice lists, where the list by design aims to capture a switch point between near- and far-future alternatives. Structural models like a Samuelson discounted utility model are often...

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 data and field experiments with three different tools...

In this study, we argue that while community forest management is effective in protecting forest resources as argued by Ostrom, it may fail to provide proper incentives to take care of such resources because of collective sharing of benefits of forest management. This study proposes a mixed...

We analyze individual investment behavior among 822 young men and women that are members of 111 formal business groups in northern Ethiopia. We collected baseline data and investment data one year later combined with incentivized field experiments to obtain dis-aggregated risk preference data....