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Portfolio Choices and Risk Preferences in Village Economies | CFSP | Consortium on Financial Systems and Poverty

Portfolio Choices and Risk Preferences in Village Economies

Pierre-Andre Chiappori
Krislert Samphantharak
Sam Schulhofer-Wohl
Robert M. Townsend
Publication Type: 
Working Papers
Publication Year: 
2013
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.
JEL Codes: 
D12, D14, D53, D81, D91, G11, O16
Region: 
South and Central Asia
Country: 
Thailand
Topic: 
Risk
Topic: 
Enterprise
Topic: 
Insurance