• 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 ...
    • 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 ...