Greater use of improved technologies could raise productivity and welfare in developing countries. However, returns are typically unknown from these technologies making them appear stochastic. Therefore, it is necessary to understand how individuals learn and decide what technologies to use crucial to boosting prosperity. 

This presentation is based on the AMA Innovation Lab projects for the BASIS AMA CRSP/I4 Index Insurance Innovation Initiative Technical Committee Meeting. This event was a gathering of researchers and stakeholders involved with the Index Insurance Innovation Initiative (I4) at UC Davis.

This presentation took place at George Washington University, United States on November 6, 2014.