TY  - RPRT
        AU  - Akay, Alpaslan
AU  - Martinsson, Peter
AU  - Medhin, Haileselassie
AU  - Trautmann, Stefan T.
        TI  - Attitudes toward Uncertainty among the Poor: Evidence from Rural Ethiopia
        PY  - 2009/Jun/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 4225
        UR  - https://www.iza.org/publications/dp4225
        AB  - We looked at risk and ambiguity attitudes among Ethiopian peasants in one of the poorest regions of the world and compared their attitudes to a standard Western university student sample elicited by the same decision task. Strong risk aversion and ambiguity aversion were found with the Ethiopian peasants. Ambiguity aversion was similar for peasants and students, but peasants were more risk averse. Testing for the effect of socio-economic variables on uncertainty attitudes showed that poor health increased both risk and ambiguity aversion.
        KW  - ambiguity attitudes
KW  - risk attitudes
KW  - cultural differences
KW  - poverty
        ER  -