Risk-aversion has generally been found to decrease in income. This may lead one to expect that poor countries will be more risk-averse than rich countries. Recent comparative findings with students, however, suggest the opposite, giving rise to a risk-income paradox. This paper tests this...

We investigate risk and ambiguity attitudes among Ethiopian farmers in one of the poorest regions of the world. Strong risk aversion and ambiguity aversion were found with the Ethiopian farmers. We compared their attitudes to those of a Western university student sample elicited by the same...

We investigate attitudes toward positionality among rural farmers in Northern Ethiopia using a survey experiment. On average, we find very low positional concerns both for income per se and for income from aid projects. The results support the claim that positional concerns are positively...