The book addresses and documents farmers' risks in developing and emerging economies. It draws lessons from experimental economics on measuring risk preferences, attitudes, gender differences in managing risks, and risk management strategies in countries across Africa and Asia. It argues policy makers, especially in emerging economies, need a better understanding of farmers' attitudes toward risk and choices of risk management strategies when designing policies to support production agricu...

This Open Access book offers a new perspective for understanding rural transformation by moving beyond traditional income-based measures of development. It demonstrates that improvements in income alone do not necessarily lead to better lives in rural Asia and that subjective well-being—reflected in people’s happiness, life satisfaction, and mental health—provides a richer lens for evaluating development outcomes. Drawing on empirical studies across Asian economies, the book examines how e...