Digging into Background Risk: Experiments with Farmers and Students
AbstractThe article reports on a study that provides understanding of how risk preferences and other factors influence a farmer's decision to participate in a carbon offset market. It states incorporating background risk in a laboratory setting and drawing subjects from both a standard student population and a nonstandard farmer population helped to understand the decision making process. The study suggests that farmers are slightly more risk averse than students.
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Bibliographic InfoArticle provided by Agricultural and Applied Economics Association in its journal American Journal of Agricultural Economics.
Volume (Year): 94 (2012)
Issue (Month): 2 ()
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Other versions of this item:
- Herberich David & John List, 2012. "Digging into background risk: Experiments with farmers and students," Framed Field Experiments 00157, The Field Experiments Website.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jinkwon Lee, 2008. "The effect of the background risk in a simple chance improving decision model," Journal of Risk and Uncertainty, Springer, vol. 36(1), pages 19-41, February.
- repec:feb:framed:0074 is not listed on IDEAS
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Theory and Decision,
Springer, vol. 73(2), pages 203-221, August.
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- Couture, Stéphane & Reynaud, Arnaud, 2010. "Stability of Risk Preference Measures: Results from a Field Experiment on French Farmers," TSE Working Papers 10-151, Toulouse School of Economics (TSE).
- Robert S. Gazzale & Julian Jamison & Alexander Karlan & Dean S. Karlan, 2009.
"Ambiguous Solicitation: Ambiguous Prescription,"
Department of Economics Working Papers
2009-02, Department of Economics, Williams College.
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- Agathe Rouaix & Charles Figuières & Marc Willinger, 2013.
"The trade-off between welfare and equality in a public good experiment,"
13-03, LAMETA, Universtiy of Montpellier, revised Feb 2013.
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- Gloede, Oliver & Menkhoff, Lukas & Waibel, Hermann, 2012. "Shocks, individual risk attitude, and vulnerability to poverty among rural households in Thailand and Vietnam," Diskussionspapiere der Wirtschaftswissenschaftlichen FakultÃ¤t der Leibniz UniversitÃ¤t Hannover dp-508, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
- Menapace, Luisa & Colson, Gregory, 2012. "On the Validity of Gamble Tasks to Assess Farmers' Risk Attitudes," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124601, Agricultural and Applied Economics Association.
- Marc Willinger & Mohamed Ali Bchir & Carine Heitz, 2013. "Risk and time preferences under the threat of background risk: a case-study of lahars risk in central Java," Working Papers 13-08, LAMETA, Universtiy of Montpellier, revised May 2013.
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