Three Risk-elicitation Methods in the Field: Evidence from Rural Senegal
Charness, Gary, University of California, Santa Barbara Viceisza, Angelino, Department of Economics, Spelman College
2015-08-18
2010-2019
In the past decade, it has become common to use simple laboratory games and decision tasks as a device for measuring risk preferences in the developing world. In this paper, we build on existing taxonomies for risk elicitation and discuss pros and cons of using such methods in developing-country contexts. We use three distinct risk-elicitation mechanisms (the Holt-Laury task, the Gneezy-Potters mechanism, and a non-incentivized willingness-to-risk scale) and subjects from rural Senegal. Our study provides some guidance to researchers wishing to use risk-elicitation mechanisms in the rural developing world. KEYWORDS: Risk Elicitation, Laboratory Experiments in the Field, Comprehension, Rural Senegal
text
application/pdf
articles
Review of Behavioral Economics
Department of Economics
http://hdl.handle.net/20.500.12322/sc.fac.pubs:2015_charness_viceisza
http://rightsstatements.org/vocab/InC/1.0/