Farmers' risk preferences in 11 European farming systems: A multi-country replication of Bocquého et al. (2014) (CROSBI ID 315696)
Prilog u časopisu | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Rommel, Jens ; Sagebiel, Julian ; Baaken, Marieke Cornelia ; Barreiro-Hurlé, Jesús ; Bougherara, Douadia ; Cembalo, Luigi ; Cerjak, Marija ; Čop, Tajana ; Czajkowski, Mikołaj ; Espinosa-Goded, María ; Höhler, Julia ; Kuhfuss, Laure ; Lagerkvist, Carl-Johan ; Lapierre, Margaux ; Lefebvre, Marianne ; Matzdorf, Bettina ; Ott, Edward ; Paparella, Antonio ; Quendler, Erika ; Rodriguez-Entrena, Macario ; Schulze, Christoph ; Šumrada, Tanja ; Tensi, Annika ; Thoyer, Sophie ; Tomić Maksan, Marina ; Vecchio, Riccardo ; Willinger, Marc ; Zagórska, Katarzyna
engleski
Farmers' risk preferences in 11 European farming systems: A multi-country replication of Bocquého et al. (2014)
We replicate Bocquého 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.
agriculture, artefactual field experiment, cumulative prospect theory, expected utility theory, risk attitude
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Podaci o izdanju
45 (3)
2023.
1374-1399
objavljeno
2040-5790
2040-5804
10.1002/aepp.13330
Povezanost rada
Ekonomija, Poljoprivreda (agronomija)