Farmers in poor countries will plant low-yield traditional varietals, even when a high yield option is available. They might have twice the yield with the new

Farmers in poor countries will plant low-yield traditional varietals, even when a high yield option is available. They might have twice the yield with the new varietal, but if their crop fails: they risk destitution and might even loose their land. So they rationally choose the proven lower-yield varietal. Their risk appetite is proportional to their savings, if they have any. A catch-22. For low wage workers in America, is it that much different? So many people stay in badly paying jobs because if they loose access to health insurance they could loose their home. Or get sued over a non-compete they cannot afford to fight. Seems like below some threshold of wealth, supply and demand don't apply anymore. People are forced to choose the least risky option.