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Forskningsartikel2023Vetenskapligt granskadÖppen tillgång

Farmers' risk preferences in 11 European farming systems: A multi-country replication of Bocqueho et al. (2014)

Rommel, Jens; Sagebiel, Julian; Baaken, Marieke Cornelia; Barreiro-Hurle, Jesus; Bougherara, Douadia; Cembalo, Luigi; Cerjak, Marija; Cop, Tajana; Czajkowski, Mikolaj; Espinosa-Goded, Maria; Hohler, Julia; Kuhfuss, Laure; Lagerkvist, Carl-Johan; Lapierre, Margaux; Lefebvre, Marianne; Matzdorf, Bettina; Ott, Edward; Paparella, Antonio; Quendler, Erika; Rodriguez-Entrena, Macario;
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Sammanfattning

We replicate Bocqueho et al. (2014), who used multiple price lists to investigate the risk preferences of 107 French farmers. We collected new data from 1430 participants in 11 European farming systems. In agreement with the original study, farmers' risk preferences are best described by Cumulative Prospect Theory. Structural model estimates show that farmers in the new samples are, on average, less loss averse and more susceptible to probability distortion than in the original study. Explorative analyses indicate differences between estimation approaches, as well as heterogeneity between and within samples. We discuss challenges in replications of economic experiments with farmers across farming contexts.

Nyckelord

agriculture; artefactual field experiment; cumulative prospect theory; expected utility theory; risk attitudes

Publicerad i

Applied Economic Perspectives and Policy
2023, volym: 45, nummer: 3, sidor: 1374-1399
Utgivare: WILEY

SLU författare

Globala målen (SDG)

SDG2 Ingen hunger
SDG8 Anständiga arbetsvillkor och ekonomisk tillväxt

UKÄ forskningsämne

Nationalekonomi
Företagsekonomi

Publikationens identifierare

  • DOI: https://doi.org/10.1002/aepp.13330

Permanent länk till denna sida (URI)

https://res.slu.se/id/publ/119374