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

Rommel, Jens (avtor), Šumrada, Tanja (avtor)

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.

• Jezik: Angleški jezik
• Ključne besede: agriculture, artefactual field experiment, cumulative prospect theory, expected utility theory, risk attitudes
• Vrsta gradiva: Članek v reviji
• Tipologija: 1.01 - Izvirni znanstveni članek
• Organizacija: BF - Biotehniška fakulteta
• Status publikacije: Objavljeno
• Različica publikacije: Objavljena publikacija
• Leto izida: 2023
• Št. strani: Str. 1374-1399
• Številčenje: Vol. 45, iss. 3
• PID: 20.500.12556/RUL-151871
• UDK: 631
• ISSN pri članku: 2040-5804
• DOI: 10.1002/aepp.13330
• COBISS.SI-ID: 127693315
• Datum objave v RUL: 24.10.2023

Gradivo je del revije

• Naslov: Applied economic perspectives and policy
• Založnik: John Wiley & Sons
• ISSN: 2040-5804
• COBISS.SI-ID: 517859353

Licence

• Licenca: CC BY-NC 4.0, Creative Commons Priznanje avtorstva-Nekomercialno 4.0 Mednarodna
• Povezava: http://creativecommons.org/licenses/by-nc/4.0/deed.sl
• Opis: Licenca Creative Commons, ki prepoveduje komercialno uporabo, vendar uporabniki ne rabijo upravljati materialnih avtorskih pravic na izpeljanih delih z enako licenco.

Sekundarni jezik

• Jezik: Slovenski jezik
• Ključne besede: kmetijstvo, načini kmetovanja, tveganja, modeli