Rommel, Jens
- Institutionen för ekonomi, Sveriges lantbruksuniversitet
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
Lagerkvist, Carl-Johan
- Institutionen för ekonomi, Sveriges lantbruksuniversitet
- Institutionen för ekonomi, Sveriges lantbruksuniversitet
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