| 来源类型 | Article |
| 规范类型 | 其他 |
| DOI | 10.1093/erae/jbt006 |
| Expected utility or prospect theory maximisers? Assessing farmers' risk behaviour from field-experiment data. | |
| Bocqueho G; Jacquet F; Reynaud A | |
| 发表日期 | 2014 |
| 出处 | European Review of Agricultural Economics 41 (1): 135-172 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We elicit the risk preferences of a sample of French farmers in a field-experiment setting, considering both expected utility and cumulative prospect theory. Under the EU framework, our results show that farmers are characterised by a concave utility function for gain outcomes implying risk aversion. The CPT framework confirms this result, but also suggests that farmers are twice as sensitive to losses as to gains and tend to pay undue attention to unlikely extreme outcomes. Accounting for loss aversion and probability weighting can make a difference in the design of effective and efficient policies, contracts or insurance schemes. |
| 主题 | Ecosystems Services and Management (ESM) |
| 关键词 | Risk preferences Experimental economics Loss aversion Probability weighting France |
| URL | http://pure.iiasa.ac.at/id/eprint/11021/ |
| 来源智库 | International Institute for Applied Systems Analysis (Austria) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/130116 |
| 推荐引用方式 GB/T 7714 | Bocqueho G,Jacquet F,Reynaud A. Expected utility or prospect theory maximisers? Assessing farmers' risk behaviour from field-experiment data.. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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