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Risk Aversion: Experimental Evidence from South African Fishing Communities

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Listed:
  • Justine Burns
  • Kerri Brick
  • Martine Visser

Abstract

We estimate the risk attitudes of a large sample of individuals from various fishing communities along the west coast of South Africa. Female fishers and rights holders are found to be more risk averse than their male counterparts, while rights holders are found to be less risk averse relative to subjects without fishing rights. Risk attitudes are found to be correlated with compliance with fisheries regulations. In particular, a greater degree of risk aversion translates into a reduction in compliance. Furthermore, in the case of gender, female fishers and rights holders are more likely to comply with fisheries regulations. Copyright 2012, Oxford University Press.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Justine Burns & Kerri Brick & Martine Visser, 2011. "Risk Aversion: Experimental Evidence from South African Fishing Communities," ERSA Working Paper Series 227, Economic Research Southern Africa.
    • Handle: RePEc:rza:ersawp:227
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    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery

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