Are peasants risk-averse decision makers? (2002)
Authors
Abstract
The article reflects on the risk preferences decision making among group of farmers in Chile and Tanzania. Comparative experimental field studies are combined with economically oriented ethnography among two groups of small-scale farmers, the Mapuche of Chile and the Sangu of Tanzania. It reveals that both of them are risk-preferring decision makers in the standard economic sense. Researchers suggest that it is because of "cultural conservatism" that makes the farmers become slow in acquiring new technologies, novel agricultural practices, and new ideas from the larger societies.
Bibliographic entry
Henrich, J., & McElreath, R. (2002). Are peasants risk-averse decision makers? Current Anthropology, 43, 172-181. (Full text)
Miscellaneous
| Publication year | 2002 | |
|---|---|---|
| Document type: | Article | |
| Publication status: | Published | |
| External URL: | http://dx.doi.org/10.1086/338291 View | |
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