Maertens, Annemie; Chari, A. V.; Just, David R. - In: Economic Development and Cultural Change 62 (2014) 2, pp. 239-239
Using a unique data set collected among farmers in India’s semiarid tropics, we document the surprising prevalence of risk-taking behavior in the face of realistically framed high-stakes gambles. We hypothesize that this apparently anomalous behavior is due to a combination of credit...