Consulta: creatorFacets:"Galarza,   Francisco B."
Registros recuperados: 3
Data/hora: 02/06/2024 17:10:58

Dynamic Field Experiments in Development Economics: Risk Valuation in Morocco, Kenya, and Peru
Provedor de dados: Research in Agricultural & Applied Economics (AgEcon Searh)
Autores: Lybbert,   Travis J.; Galarza,   Francisco B.; McPeak,   John G.; Barrett,   Christopher B.; Boucher,   Stephen R.; Carter,   Michael R.; Chantarat,   Sommarat; Fadlaoui,   Aziz; Mude,   Andrew G.
The effective design and implementation of interventions that reduce vulnerability and poverty require a solid understanding of underlying poverty dynamics and associated behavioral responses. Stochastic and dynamic benefit streams can make it difficult for the poor to learn the value of such interventions to them. We explore how dynamic field experiments can help (i) intended beneficiaries to learn and understand these complicated benefit streams, and (ii) researchers to better understand how the poor respond to risk when faced with nonlinear welfare dynamics. We discuss and analyze dynamic risk valuation experiments in Morocco, Peru, and Kenya.
Tipo: Journal Article
Palavras-chave: Poverty; Risk and uncertainty; Dynamics; Experiments; Kenya; Morocco; Peru; International Development; Research Methods/ Statistical Methods; Risk and Uncertainty.
Ano: 2010
URL: http://purl.umn.edu/90791

Risk Preferences and Demand for Insurance in Peru: A Field Experiment
Provedor de dados: Research in Agricultural & Applied Economics (AgEcon Searh)
Autores: Galarza,   Francisco B.; Carter,   Michael R.
This paper reports the results of behavioral economic experiments conducted in Peru to examine the relationship amongst risk preferences, loan take-up, and insurance purchase decisions. This area-based yield insurance can help reduce people's vulnerability to large scale covariate shocks, and can also lower the loan default probability under extreme negative covariate shocks. In a context of collateralized formal credit markets, we provide suggestive evidence that insurance may help reduce the fear of losing collateral that prevents potential borrowers from taking loans. Framing these experiments to recreate a real life situation, we started with a Baseline Game where subjects had to choose between a fallback production project and an uninsured loan. We...
Tipo: Conference Paper or Presentation
Palavras-chave: Area-yield insurance; Credit; Covariate risk; Idiosyncratic risk; Risk aversion; Experimental economics; Peru; Risk and Uncertainty; C93; D81.
Ano: 2010
URL: http://purl.umn.edu/61871

Choices under Risk in Rural Peru
Provedor de dados: Research in Agricultural & Applied Economics (AgEcon Searh)
Autores: Galarza,   Francisco B.
This paper estimates the risk preferences of cotton farmers in Southern Peru, using the results from a multiple-price-list lottery game. Assuming that preferences conform to two of the leading models of decision under risk. Expected Utility Theory (EUT) and Cumulative Prospect Theory (CPT) -- we find strong evidence of moderate risk aversion. Once we include individual characteristics in the estimation of risk parameters, we observe that farmers use subjective nonlinear probability weighting, a behavior consistent with CPT. Interestingly, when we allow for preference heterogeneity via the estimation of mixture models -- where the proportion of subjects who behave according to EUT or to CPT is endogenously determined -- we find that the majority of farmers’...
Tipo: Working or Discussion Paper
Palavras-chave: International Development; Research Methods/ Statistical Methods; Risk and Uncertainty.
Ano: 2009
URL: http://purl.umn.edu/92247