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McElreath, Richard | Are peasants risk-averse decision makers? | For decades, researchers studying small-scale, subsistence-oriented farmers have sought to explain why these "peasants" seem slow to acquire new technologies, novel agricultural practices, and new ideas from the larger societies that have engulfed them. The early work on this question suggested that... | Subsistance farmers; Risk-aversion; Risk-taking; Cultural conservatism; Cost-benefit analysis | 2002 |
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