• Can climate shocks make vulnerable subjects more willing to take risks? 

      Holden, Stein T.; Tilahun, Mesfin (CLTS Working paper;03/23, Working paper, 2023-01)
      While economists in the past tended to assume that individual preferences, including risk preferences, are stable over time, a recent literature has developed and indicates that risk preferences respond to shocks. This ...
    • Can the risky investment game predict real world investments? 

      Holden, Stein T.; Tilahun, Mesfin (CLTS Working paper;05/21, Working paper, 2022)
      The incentivized risky investment game has become a popular tool in lab-in-the-field experiments for its simplicity and ease of comprehension compared to some of the more complex Multiple Choice List approaches that have ...
    • How Large is the Endowment Effect in the Risky Investment Game? 

      Holden, Stein T.; Tilahun, Mesfin (CLTS Working paper;04/21, Working paper, 2021)
      The risky investment game of Gneezy and Potters (1997) has been a popular tool used to estimate risk tolerance and myopic loss aversion. Holden and Tilahun (2021) tested and found that the simple one-shot version of this ...
    • Measurement Error and Farm Size: Do Nationally Representative Surveys Provide Reliable Estimates? 

      Holden, Stein T.; Makate, Clifton; Tione, Sarah (CLTS Working paper;07/23, Working paper, 2023-12)
      We assess the reliability of measured farm sizes (ownership holdings) in the Living Standard Measurement Study – Integrated Surveys on Agriculture (LSMS-ISA) in Ethiopia and Malawi based on three survey rounds (2012, 2014, ...
    • Numeracy Skills, Decision Errors, and Risk Preference Estimation 

      Holden, Stein T.; Tilahun, Mesfin (CLTS Working paper;05/23, Working paper, 2023-09)
      Basic numeracy skills are obviously important for rational decisionmaking when agents are facing choices between risky prospects. Poor and vulnerable people with limited education and numeracy skills live in risky environments ...