Experimentally Validated Survey Evidence on Individual Risk Attitudes in Rural Thailand
Bibliographic Data
| ID | 5123395 |
|---|---|
| Authors | Bernd Hardeweg (0009-0008-5551-4531, Leibniz University Hannover), Lukas Menkhoff (0000-0001-6735-9534, Leibniz University Hannover), Hermann Waibel (0000-0002-3811-1975, Leibniz University Hannover) |
| Year | 2013 |
| Volume | 61 |
| Issue | 4 |
| Pages | 859-888 |
| Publication date | 2013-07-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Economic Development and Cultural Change (JOURNAL) |
| Journal identifiers | ISSN: 0013-0079 • E-ISSN: 1539-2988 |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/670378 |
| OpenAlex | W2227350067 |
| Language | EN |
| Citations received | 22 |
| References cited | 23 |
This study validates a survey-based measure of general risk attitude with an incentive compatible experiment with more than 900 participants in rural Thailand. The survey measure of self-assessed risk attitude provides a useful approximation of the experimentally derived risk attitude. This is further confirmed by adding various sociodemographic control variables taken from a representative household survey that are related to risk attitude in plausible ways. The survey measure also predicts individual behavior toward risk in other cases and even outperforms the experimental measure in this respect
Data mining · Econometrics · Economics · Incentive · Measure (data warehouse) · Questionnaire · Statistics · Survey data collection · Survey methodology · Survey research · Agricultural risk and resilience · Applied Psychology · Computer Science · Decision-Making and Behavioral Economics · Mathematics · Psychology · Social Psychology · Water resources management and optimization
Social Distance and Trust
Using Stated Preferences and Beliefs to Identify the Impact of Risk on Poor Households
Disability and risk preferences
Farmers’ Risk Preferences in Rural China
The food and environment we love; Examining the ‘on-the-ground’ application of the 4R Nutrient Stewardship in Ghana
Building adaptive capacity to external risks through collective action – Social learning mechanisms of smallholders in rural Vietnam
Intergenerational transmission of risk attitudes in Burkina Faso
Risk Attitudes in Late Adulthood
Sibling correlation in risk attitudes
Temporal Stability of Risk Attitudes and the Impact of Adverse Shocks—A Panel Data Analysis from Thailand and Vietnam
Shocks, Individual Risk Attitude, and Vulnerability to Poverty among Rural Households in Thailand and Vietnam
Corruption and cheating
Consistency of Risk Preference Measures
Eliciting Risk Attitudes in the Field
Gender and Willingness to Pay for Insured Loans
Explaining micro entrepreneurship in rural Vietnam—a multilevel analysis
How (not) to pay — Field experimental evidence on the design of Redd + payments
Left home high and dry-reduced migration in response to repeated droughts in Thailand and Vietnam
Childhood roots of financial literacy
Estimating risky behavior with multiple-item risk measures
Survey measures versus incentivized measures of risk preferences
Overconfidence and Risk Taking in the Field
Risk and Time Preferences
Are Risk Aversion and Impatience Related to Cognitive Ability?
Attitudes Toward Risk
Performance Pay and Multidimensional Sorting
Financial Decision-Making
Low risk aversion encourages the choice for entrepreneurship
Chapter 113 Men, Women and Risk Aversion
Poverty, Risk Aversion, and Path Dependence in Low‐Income Countries
Risk Aversion and Incentive Effects
Using Stated Preferences and Beliefs to Identify the Impact of Risk on Poor Households
Individual Risk Attitudes
Direct Evidence on Risk Attitudes and Migration
Risk attitudes of nascent entrepreneurs–new evidence from an experimentally validated survey
Measuring subjective expectations in developing countries
The Effect of Adolescent Experience on Labor Market Outcomes
Choice under Uncertainty
Attitudes Toward Risk
Behavioural Development Economics
Matching the Gold Standard
| Unique citing works | 22 |
|---|---|
| Citations per year | 1,29 |
| Citation span | 2009 - 2024 (16) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 20 |