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 InfoPaper provided by The Field Experiments Website in its series Framed Field Experiments with number 00157.
Date of creation: 2012
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Other versions of this item:
- David H. Herberich & John A. List, 2012. "Digging into Background Risk: Experiments with Farmers and Students," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 94(2), pages 457-463.
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