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.
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- John A. List, 2005.
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- Robert Gazzale & Julian Jamison & Alexander Karlan & Dean Karlan, 2013.
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- repec:feb:framed:0074 is not listed on IDEAS
- Glenn Harrison & John List & Charles Towe, 2004.
"Naturally occurring preferences and exogenous laboratory experiments: A case study of risk aversion,"
Framed Field Experiments
00155, The Field Experiments Website.
- Glenn W Harrison & John A List & Charles Towe, 2007. "Naturally Occurring Preferences and Exogenous Laboratory Experiments: A Case Study of Risk Aversion," Econometrica, Econometric Society, vol. 75(2), pages 433-458, 03.
- Steffen Andersen & Glenn W. Harrison & Morten Igel Lau & E. Elisabet Rutström, 2009.
"Preference Heterogeneity in Experiments: Comparing the Field and Laboratory,"
- Andersen, Steffen & Harrison, Glenn W. & Lau, Morten Igel & Rutström, E. Elisabet, 2010. "Preference heterogeneity in experiments: Comparing the field and laboratory," Journal of Economic Behavior & Organization, Elsevier, vol. 73(2), pages 209-224, February.
- Steffen Andersen & Glenn Harrison & Morten Lau & E. Rutström, 2006.
"Elicitation using multiple price list formats,"
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- Steven Levitt & John List, 2007.
"What do Laboratory Experiments Measuring Social Preferences Reveal About the Real World,"
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00480, The Field Experiments Website.
- Steven D. Levitt & John A. List, 2007. "What Do Laboratory Experiments Measuring Social Preferences Reveal About the Real World?," Journal of Economic Perspectives, American Economic Association, vol. 21(2), pages 153-174, Spring.
- Gollier, Christian & Pratt, John W, 1996. "Risk Vulnerability and the Tempering Effect of Background Risk," Econometrica, Econometric Society, vol. 64(5), pages 1109-1123, September.
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