Portfolio Choices and Risk Preferences in Village Economies
نویسندگان
چکیده
We use a model of optimal portfolio choice to measure heterogeneity in risk aversion among households in Thai villages. There is substantial heterogeneity in risk preferences, positively correlated in most villages with alternative estimates based on a full risk-sharing model.
منابع مشابه
Nber Working Paper Series Heterogeneity and Risk Sharing in Village Economies
We thank Joan Gieseke for editorial assistance. The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Minneapolis, the Federal Reserve System, or the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board o...
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