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.
References listed on IDEAS
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- repec:feb:framed:0074 is not listed on IDEAS
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