Risk preferences under heterogeneous environmental risk

Roland Olbrich; Stefan Baumgärtner; Martin F. Quaas; Andreas Haensler

Risk preferences under heterogeneous environmental risk

Research output: Contributions to collected editions/works › Published abstract in conference proceedings › Research › peer-review

Standard

Risk preferences under heterogeneous environmental risk. / Olbrich, Roland ; Baumgärtner, Stefan; Quaas, Martin F. et al.
Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie . Verein für Socialpolitik, 2010.

Research output: Contributions to collected editions/works › Published abstract in conference proceedings › Research › peer-review

Harvard

Olbrich, R , Baumgärtner, S, Quaas, MF & Haensler, A 2010, Risk preferences under heterogeneous environmental risk. in Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie . Verein für Socialpolitik, 10. Jahrestagung des Vereins für Socialpolitik - 2010, Kiel, Germany, 07.09.10. <http://hdl.handle.net/10419/37449>

APA

Olbrich, R., Baumgärtner, S., Quaas, M. F., & Haensler, A. (2010). Risk preferences under heterogeneous environmental risk. In Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie Verein für Socialpolitik. http://hdl.handle.net/10419/37449

Vancouver

Olbrich R , Baumgärtner S, Quaas MF, Haensler A. Risk preferences under heterogeneous environmental risk. In Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie . Verein für Socialpolitik. 2010

Bibtex

@inbook{f20468cad40144c58239d46f140c468e,

title = "Risk preferences under heterogeneous environmental risk",

abstract = "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. ",

keywords = "Sustainability sciences, Management & Economics",

author = "Roland Olbrich and Stefan Baumg{\"a}rtner and Quaas, {Martin F.} and Andreas Haensler",

note = "S. 63 / Bereich I, Raum 6, 12:30-13:50 Uhr; 10. Jahrestagung des Vereins f{\"u}r Socialpolitik - 2010 ; Conference date: 07-09-2010 Through 10-09-2010",

year = "2010",

month = sep,

day = "7",

language = "English",

booktitle = "Jahrestagung des Vereins f{\"u}r Socialpolitik 2010 (Kiel): {\"O}konomie der Familie",

publisher = "Verein f{\"u}r Socialpolitik",

url = "https://www.socialpolitik.de/En/jahrestagung-2010",

}

RIS

TY - CHAP

T1 - Risk preferences under heterogeneous environmental risk

AU - Olbrich, Roland

AU - Baumgärtner, Stefan

AU - Quaas, Martin F.

AU - Haensler, Andreas

N1 - Conference code: 10

PY - 2010/9/7

Y1 - 2010/9/7

N2 - 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.

AB - 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.

KW - Sustainability sciences, Management & Economics

UR - http://www.econstor.eu/dspace/handle/10419/37449

M3 - Published abstract in conference proceedings

BT - Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie

PB - Verein für Socialpolitik

T2 - 10. Jahrestagung des Vereins für Socialpolitik - 2010

Y2 - 7 September 2010 through 10 September 2010

ER -