Poverty, Risk Aversion, and Path Dependence in Low-Income Countries: Experimental Evidence from Ethiopia

391 citations recorded by the source corpus.

Citations in the corpus

Adaptation to climate change in Sub-Saharan agriculture: assessing the evidence and rethinking the drivers (2014, neutral): “…be seen in Table A1 in the appendix, a series of six choices were presented to the respondents with each choice consisting of a payment with higher spread and higher payoff versus a choice with lower spread and lower payoff (see Yesuf and Bluffstone, 2009, for a full description of the experiment).”
Production Risks and Food Security under Alternative Technology Choices in Malawi: Application of a Multinomial Endogenous Switching Regression (2015, neutral): “10Typical estimates of relative risk aversion have varied between 1 and 5 (e.g. Binswanger, 1983; Chavas and Holt, 1996; Yesuf and Bluffstone, 2009).”
Risk Preferences and Environmental Uncertainty: Implications for Crop Diversification Decisions in Ethiopia (2012, neutral): “However, evidence in both studies shows that individual farm households are more risk averse as the size of the game increases, which is consistent with increasing partial risk aversion (Yesuf and Bluffstone, 2009; Binswanger, 1980).”
Measuring risk attitudes among Mozambican farmers (2014, neutral): “Contrary to results found by other authors, Yesuf and Bluffstone (2009) used a dataset collected in northern Ethiopia and found that risk aversion is significantly correlated with respondents' characteristics, such as household composition, income, and wealth.”