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Woman's Willingness to Take Risk

Woman’s Willingness to Take Risk includes 3 items which assess women’s willingness to take risk using scenario questions about money. This measure is adapted from the 2012 STEP Household Questionnaire, Lao PDR (World Bank) located here. Navigational aspects (i.e. skip-out patterns and next question sequences) have not been included on this page but can be viewed on the original questionnaire located here.

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Geographies Tested:

Populations Included: Female

Age Range:

Items:

 1. Imagine that you have a choice between the following two options:

Option 1 – Receive $50 for sure.
OR
Option 2 – Flip a coin and receive 0 if it’s tails or $150 if it’s heads.

Which option would you take?

 2. Now imagine that you have a choice between the following two options:

Option 1 – Receive $50 for sure.
OR
Option 2 – Flip a coin and receive 0 if it’s tails or $200 if it’s heads.

Which option would you take?

 3. Now imagine that you have a choice between the following two options:

Option 1 – Receive $50 for sure.
OR
Option 2 – Flip a coin and receive 0 if it’s tails or $100 if it’s heads.

Which option would you take?

Response Options:
Option 1: take the money
Option 2: flip the coin

Scoring Procedures

The indicator has a value of 1 if the respondent prefers a certain payoff to the flip of a coin even with an expected payoff equal to twice the certain payoff (Option 1 in Question 2), a value of 2 if the respondent is willing to toss the coin for an expected payoff equal to twice the certain payoff (Option 2 in Question 2), a value of 3 if the respondent is willing to toss the coin if the expected payoff is only 50% higher than the certain payoff (Option 2 in Question 1), and a value of 4 if the respondent is willing to toss the coin even if the expected payoff is just equal to the certain payoff (Option 2 in Question 3).

Original Citation

U. N. Foundation (2015). Women’s economic empowerment: A roadmap. Guidelines for monitoring and evaluating women’s economic empowerment programs. Appendix 1. Suggested questionnaire modules for measuring wee outcome indicators. http://womeneconroadmap.org/sites/default/files/Monitoring%20and%20Evaluation%20Guidelines%20Appendix.pdf#

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