Exposure to climate-change related extreme weather events and risk preferences: evidence from farmers in Central Highland Afghanistan

We study whether long-term exposure to climate-change-related extreme weather events is associated with farmers' risk preferences. We combine (i) a household survey of 1,502 farmers across 14 districts in Afghanistan's Central Highlands with (ii) an incentivized lab-in-the-field risk task for 239 farmers, and (iii) farm-level GPS coordinates that proxy drought exposure via distance to rivers/streams. Our analysis shows that farmers in (very) high-exposure locations are systematically less risk-a