We obtain rich measures of risk preferences of poor farmers in Vietnam, and estimate structural models that capture … risk preferences over different probability levels and across different domains (gains and losses). The results break … radically with the previous literature on risk preferences, in developed and developing countries alike. Far from being …

Risk aversion has generally been found to decrease in income or wealth. 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 riskincome paradox. We test this paradox by measuring the risk preferences of over 500 household heads …

information that underpin current models of risk pooling. A specially designed economic experiment involving 678 subjects across … attempts to conduct such tests. I find that more extrinsic commitment is associated with more risk pooling, but that more … information is associated with less risk pooling. The first of these results accords with our expectations and assumptions. The …