Holden, Stein Terje; Tilahun, Mesfin - 2023
natural experiment with covariate (drought) and idiosyncratic shocks in combination with an independent field risk experiment … subjects were (to a varying degree) exposed to a covariate drought shock or idiosyncratic shocks. The experimental approach … semiarid rural environment in Sub-Saharan Africa, we find that the covariate drought shock had negative effects on risk …