2022
DOI: 10.1002/jid.3714
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Risk attitudes and asset diversification: Evidence from Ghana

Abstract: Attitudes toward risk influence an individual's decision‐making with significant implications for economic outcomes and yet there is limited understanding of the relationship between risk attitude and economic decision‐making in developing countries. This paper estimates the influence of risk aversion on asset diversification using data from a large nationally representative sample of Ghanaian households. The results show weak association between risk aversion and asset diversification. Furthermore, relatively… Show more

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