Eliciting Risk Attitudes in the Field: Surveys or Experimental Methods? An Empirical Comparison in Rural Niger

We compare several risk preference elicitation methods – including incentivised, non-incentivised, and framed methods as well as a traditional Likert survey question – in a developing country and empirically test how well consequent measures of risk attitudes predict risk taking behaviour. We find that Likert scale and non-incentivised framed survey questions are not sufficient substitutes for costlier incentivised methods in rural Niger. Instead, the incentivised framed question works best while a simplified incentivised lottery question works almost as well. More risk and ambiguity averse farmers are less likely to adopt fertiliser microdosing indicating the importance of insurance and strategies to promote learning.     

Pyro-Terrorism—The Threat of Arson-Induced Forest Fires as a Future Terrorist Weapon of Mass Destruction

The United States is at significant risk of a future pyro-terrorist attack—when terrorists unleash the latent energy in the nation's forests to achieve the effect of a weapon of mass destruction—the threat, must be defined America's vulnerabilities understood, and action taken to mitigate this danger to the United States.