Studies

Mauro Alem and Robert Townsend / Thailand / 2010

Using panel data from 960 Thai households, the authors examine consumption and investment smoothing, and how they respond to available financial institutions (both formal and informal).

Daniel Chen / Indonesia / 2010

The author "exploit[s] relative price shocks induced by the Indonesian ?nancial crisis to demonstrate a causal relationship between economic distress and religious intensity (Koran study and Islamic school attendance) that is weaker for other forms of group identity."

Dean Karlan, Isaac Osei-Akoto, Robert Osei, Chris Udry / Global / 2010

A rainfall insurance product was offered; it was noted that information may impede take-up of insurance products. Also, payouts were variable - with many receiving none, but the few who received payouts receiving more than ten times the premium amount.

Alix Zwane, Jonathan Zinman, Eric Van Dusen, William Pariente, Clair Null, Edward Miguel, Michael Kremer, Dean S. Karlan, Richard Hornbeck, Xavier Gine, Esther Duflo, Florencia Devoto, Bruno Crepon, Abhijit Banerjee / Global / 2010

From the abstract: "Does conducting a one-time household survey change the later behavior of those surveyed? Results from a two-stage field experiment on the purchase of hospitalization insurance in the Philippines suggest that it does."

A.J. Porcelli, M.R. Delgado / 2009

From the abstract: "The objective of this experiment was to probe the impact of exposure to acute stress on ?nancial decision making and examine the particular in?uence of stress on decisions with a positive or negative valence."

Shawn Cole, Xavier Gine, Jeremy Tobacman, Petia Topalova, Robert Townsend, James Vickery / India / 2009

From the abstract: "[The authors] use a series of randomized field experiments in rural India to test the importance of price and non-price factors in the adoption of an innovative rainfall insurance product."

David Theis / Global / 2009

From the website: "The spreading global economic crisis is trapping up to 53 million more people in poverty in developing countries and, with child mortality rates set to soar, poses a serious threat to achieving internationally agreed targets to overcome poverty, the World Bank Group said."

A. Hare, C.F. Camerer, A. Rangel / 2009

From the abstract: "Every day, individuals make dozens of choices between an alternative with higher overall value and a more tempting but ultimately inferior option. Optimal decision-making requires self-control. We propose two hypotheses about the neurobiology of self-control."

R. van den Bos, M. Hartevald, H. Stoop / 2009

From the abstract: "High cortisol responders are more sensitive to immediate rewards than low cortisol responders. In this study we therefore tested whether acute stress in male and female subjects, induced by the Trier Social Stress Test (TSST), affects decision-making as measured by the Iowa Gambling Task (IGT) and to what extent this is related to cortisol reactivity."

Andrew Kuper / 2008

From the article: "Insurers should think small to tap into one of their biggest opportunities for growth: serving poor people."