Temporal climate risk weighs heavily on many of the world's poor. Model-based climate forecasts could benefit such populations, provided recipients use forecast information to update climate expectations. We test whether pastoralists in southern Ethiopia and northern Kenya update their...

Many prominent scientists avidly advocate bioprospecting, the systematic search for new commercial applications for biota, especially hitherto unstudied species, as a mechanism for inducing tropical biodiversity conservation by making it commercially attractive (Wilson; Reid et al., 1993; PAHO, 1996...

A recurring theme in development economics is that risk affects individual production, consumption, exchange, and investment behaviors in ways that ultimately shape income and wealth distributions. Arrow's Decreasing Absolute Risk Aversion conjecture implies that the poor prefer low return, low...

The effective design and implementation of interventions that reduce vulnerability and poverty require a solid understanding of underlying poverty dynamics and associated behavioral responses. Stochastic and dynamic benefit streams can make it difficult for the poor to learn the value of such...