Digging into Background Risk: Experiments with Farmers and Students
The 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.
(This abstract was borrowed from another version of this item.)
Volume (Year): 94 (2012)
Issue (Month): 2 ()
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