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Table 10 Percentage distribution of risk preferences (RP4 and RP2) by socioeconomic status (total household expenditures)

From: The role of risk preferences: voluntary health insurance in rural Tanzania

 

Socioeconomic status (wealth quintiles)

 
 

Poorest

Poor

Average

Wealthy

Wealthiest

Total

p-value

Risk Preferences (RP4)

Weak

15.2

13.2

15.2

13.2

13.9

14.1

 

Moderate

9.7

6.3

7.6

4.9

4.9

6.7

 

Medium

11.0

12.5

11.0

11.8

7.6

10.8

0.87

Strong

64.1

68.1

66.2

70.1

73.6

68.4

 

Risk preferences (RP2)

Low

24.8

19.4

22.8

18.1

18.8

20.8

0.57

High

75.2

80.6

77.2

81.3

81.3

79.2