The Illusion Of Control, Cognitive Dissonance And Farmer Perception Of Gm Crops
AbstractWe examine the correlation between farmers' beliefs and practices regarding GM crops with yield shocks from the previous year the crop was grown. Farmers who may have had poor yields due to weather, were more likely to change adoption decisions. Yields marginally affect farmers' beliefs regarding the EU ban on GMO's, or the adverse environmental affects of GM crops. This behavior is consistent with many known psychological biases.
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Bibliographic InfoPaper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2004 Annual meeting, August 1-4, Denver, CO with number 19941.
Date of creation: 2004
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