Defence date: 19 July 2016Examining Board: Professor Diego Gambetta, EUI (Supervisor); Professor Klarita Gërxhani, European University Institute; Professor Filiz Garip, Harvard University; Professor Delia Baldassarri, New York University.This dissertation explores how individuals understand and evaluate risks when making migration decisions. Migration entails serious financial risks, including upfront payments to labour brokers or human smugglers whose promises of abundant job opportunities, decent wages and safe working conditions may not materialize. In order to understand why some individuals decide that these risks are worth taking, I examine how migrants evaluate these risks when making their decisions. I draw upon multiple empirical s...