This study measures risk attitudes in 240 rural Indian households using two methods: an interview method and an experimental gambling approach with real payoffs. The interview method was found to be biased and inconsistent with the experimental results. Experimental results show that individuals are generally moderately risk-averse, with little variation based on personal characteristics. Wealth slightly reduces risk aversion, but this effect is not statistically significant. The research was conducted in semi-arid tropical regions of India, where agricultural activities are highly exposed to climatic risks. The study aimed to determine whether differences in behavior between farmers of different wealth levels are due to different risk attitudes or constraints such as access to credit or modern inputs. The findings suggest that differences in behavior are more likely due to constraints rather than risk attitudes. The experimental method involved observing individuals' reactions to one-period gambles. The study used a sequence of games with varying payoffs, starting from low levels to those exceeding monthly incomes of unskilled laborers. The games were designed to be simple and allow for reflection and consultation. The results showed that risk aversion increased as the payoff level rose, with most individuals falling into the intermediate risk-aversion class. The study also found that individuals' risk aversion was not significantly affected by wealth, but was influenced by factors such as schooling and employment. The results suggest that differences in investment behavior among farmers facing similar technologies and risks are more likely due to constraints rather than risk attitudes. The study concludes that policy should focus on removing constraints rather than addressing risk-specific issues.This study measures risk attitudes in 240 rural Indian households using two methods: an interview method and an experimental gambling approach with real payoffs. The interview method was found to be biased and inconsistent with the experimental results. Experimental results show that individuals are generally moderately risk-averse, with little variation based on personal characteristics. Wealth slightly reduces risk aversion, but this effect is not statistically significant. The research was conducted in semi-arid tropical regions of India, where agricultural activities are highly exposed to climatic risks. The study aimed to determine whether differences in behavior between farmers of different wealth levels are due to different risk attitudes or constraints such as access to credit or modern inputs. The findings suggest that differences in behavior are more likely due to constraints rather than risk attitudes. The experimental method involved observing individuals' reactions to one-period gambles. The study used a sequence of games with varying payoffs, starting from low levels to those exceeding monthly incomes of unskilled laborers. The games were designed to be simple and allow for reflection and consultation. The results showed that risk aversion increased as the payoff level rose, with most individuals falling into the intermediate risk-aversion class. The study also found that individuals' risk aversion was not significantly affected by wealth, but was influenced by factors such as schooling and employment. The results suggest that differences in investment behavior among farmers facing similar technologies and risks are more likely due to constraints rather than risk attitudes. The study concludes that policy should focus on removing constraints rather than addressing risk-specific issues.