This study validates a survey-based measure of general risk attitude by an incentivecompatible experiment among more than 900 participants in rural Thailand. The surveymeasure of self-assessed risk attitude provides a useful approximation of the experimentallyderived risk attitude. This holds...

We study the rapidly growing literature on the causal effects of financial education programs in a meta-analysis of 76 randomized experiments with a total sample size of over 160,000 individuals. The evidence shows that financial education programs have, on average, positive causal treatment...

We compare seven established risk elicitation methods and investigate how they explain an extensive set of risky behavior from a large household survey. We find overall positive correlation between items and low explanatory power in terms of behavior. Using an average of seven risk elicitation...