Risk preferences under heterogeneous environmental risk

Research output: Contributions to collected editions/worksPublished abstract in conference proceedingsResearchpeer-review

Authors

We elicit risk preferences and their determinants through a survey and field experiments for cattle farmers in Namibia who are subject to heterogeneous environmental risk. Survey data is complemented with precipitation data simulated by a climate model to analyze the relationship between risk preferences and individual precipitation risk. We find that risk aversion is inversely related to precipitation risk. When considering individual opportunity sets we find that background risk is not heterogeneous and that liquidity constraints do not influence risk aversion. The observed pattern in behavior towards risk and the interaction with environmental risk can thus be attributed to preferences.
Original languageEnglish
Title of host publicationJahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie
Number of pages23
PublisherVerein für Socialpolitik
Publication date07.09.2010
Publication statusPublished - 07.09.2010
Event10. Jahrestagung des Vereins für Socialpolitik - 2010 - Kiel, Germany
Duration: 07.09.201010.09.2010
Conference number: 10
https://www.socialpolitik.de/En/jahrestagung-2010

Links

Recently viewed

Publications

  1. Accurate welding line prediction in extrusion processes
  2. Risk preferences under heterogeneous environmental risk
  3. Assessing Trust by Disclosure in Online Social Networks
  4. Die Bewertung des Informationssystems einer Unternehmung
  5. Image compression based on periodic principal components
  6. Representation of Integration Profiles Using an Ontology
  7. Intra-firm Wage Compression and Cost Coverage of Training
  8. Intermetallic phase characteristics in the Mg–Nd–Zn system
  9. Markups and Concentration in the Context of Digitization
  10. The reputation costs of executive misconduct accusations
  11. Linear free vibrations with uncertain initial conditions
  12. Efficiency of rational learning with private information
  13. The reputation costs of executive misconduct accusations
  14. Imperfect information and consumer inflation expectations
  15. Neural Combinatorial Optimization on Heterogeneous Graphs
  16. BRANGE EFFECTS IN HEDONIC EVALUATION OF OLFACTORY STIMULI
  17. Emotional foundations of the public climate change divide
  18. Financing behavior in new ventures - Evidence from Germany
  19. Planning and control of logistics for offshore wind farms
  20. On the Thermoregulation in the human microvascular system
  21. Handlungsregulation bei der Steuerung chaotischer Systeme
  22. The role of the situation model in mathematical modelling
  23. Dynamische und zukunftsorientierte Bestandsdimensionierung
  24. Cross-document coreference resolution using latent features
  25. Friction riveting of 3D printed polyamide 6 with AA 6056-T6
  26. Können plakatbezogene Nudges zum Treppensteigen animieren?