Risk preferences under heterogeneous environmental risk

Research output: Working paperWorking papers

Standard

Risk preferences under heterogeneous environmental risk. / Olbrich, Roland; Quaas, Martin F.; Haensler, Andreas et al.
Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg, 2011. (Working Paper Series in Economics; No. 208).

Research output: Working paperWorking papers

Harvard

Olbrich, R, Quaas, MF, Haensler, A & Baumgärtner, S 2011 'Risk preferences under heterogeneous environmental risk' Working Paper Series in Economics, no. 208, Institut für Volkswirtschaftslehre der Universität Lüneburg, Lüneburg.

APA

Olbrich, R., Quaas, M. F., Haensler, A., & Baumgärtner, S. (2011). Risk preferences under heterogeneous environmental risk. (Working Paper Series in Economics; No. 208). Institut für Volkswirtschaftslehre der Universität Lüneburg.

Vancouver

Olbrich R, Quaas MF, Haensler A, Baumgärtner S. Risk preferences under heterogeneous environmental risk. Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg. 2011. (Working Paper Series in Economics; 208).

Bibtex

@techreport{4da0b712c6d2456ca5829c861285fc39,
title = "Risk preferences under heterogeneous environmental risk",
abstract = "We study risk preferences and their determinants for commercial cattle farmers in Namibia who are subject to high and heterogeneous precipitation risk, using data from questionnaire and field experiments, simulated data for on-farm precipitation risk and data on famers{\textquoteright} previous place of residence. We find that the relationship between risk preferences and precipitation risk is contingent on early-life experience with this risk. We also find that adult farmers self-select themselves onto farms according to their risk preferences. Results are not confounded by background risks or liquidity constraint.",
keywords = "Economics, risk preferences, environmental risk, experimental elicitation, endogenous preferences, self-selection, field experiment, risk preferences, environmental risk, experimental elicitation, endogenous preferences, self-selection, field experiment, Gender and Diversity, risk preferences, environmental risk, experimental elicitation, endogenous preferences, self-selection, field experiment",
author = "Roland Olbrich and Quaas, {Martin F.} and Andreas Haensler and Stefan Baumg{\"a}rtner",
year = "2011",
language = "English",
series = "Working Paper Series in Economics",
publisher = "Institut f{\"u}r Volkswirtschaftslehre der Universit{\"a}t L{\"u}neburg",
number = "208",
type = "WorkingPaper",
institution = "Institut f{\"u}r Volkswirtschaftslehre der Universit{\"a}t L{\"u}neburg",

}

RIS

TY - UNPB

T1 - Risk preferences under heterogeneous environmental risk

AU - Olbrich, Roland

AU - Quaas, Martin F.

AU - Haensler, Andreas

AU - Baumgärtner, Stefan

PY - 2011

Y1 - 2011

N2 - We study risk preferences and their determinants for commercial cattle farmers in Namibia who are subject to high and heterogeneous precipitation risk, using data from questionnaire and field experiments, simulated data for on-farm precipitation risk and data on famers’ previous place of residence. We find that the relationship between risk preferences and precipitation risk is contingent on early-life experience with this risk. We also find that adult farmers self-select themselves onto farms according to their risk preferences. Results are not confounded by background risks or liquidity constraint.

AB - We study risk preferences and their determinants for commercial cattle farmers in Namibia who are subject to high and heterogeneous precipitation risk, using data from questionnaire and field experiments, simulated data for on-farm precipitation risk and data on famers’ previous place of residence. We find that the relationship between risk preferences and precipitation risk is contingent on early-life experience with this risk. We also find that adult farmers self-select themselves onto farms according to their risk preferences. Results are not confounded by background risks or liquidity constraint.

KW - Economics

KW - risk preferences

KW - environmental risk

KW - experimental elicitation

KW - endogenous preferences

KW - self-selection

KW - field experiment

KW - risk preferences

KW - environmental risk

KW - experimental elicitation

KW - endogenous preferences

KW - self-selection

KW - field experiment

KW - Gender and Diversity

KW - risk preferences

KW - environmental risk

KW - experimental elicitation

KW - endogenous preferences

KW - self-selection

KW - field experiment

M3 - Working papers

T3 - Working Paper Series in Economics

BT - Risk preferences under heterogeneous environmental risk

PB - Institut für Volkswirtschaftslehre der Universität Lüneburg

CY - Lüneburg

ER -

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