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The Effects of Risk Preferences on the Adoption of Post-Harvest Technology: Evidence from Rural Cambodia

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  • Daichi Shimamoto
  • Hiroyuki Yamada
  • Ayako Wakano

Abstract

We investigate how rice farmers’ risk preferences affect the adoption of post-harvest technology in Cambodia, focusing on moisture meters. We find that risk-averse farmers are more likely to adopt moisture meters, although the degree of farmers’ loss aversion or the extent to which they tended to overweight small probabilities do not affect the adoption. In the setting of our study, the effects of farmers’ risk preferences on agricultural technology adoption can be described by using expected utility theory. However, controlling for loss aversion and probability weighting improves the precision of examining the effects of farmers’ risk preferences on adoption.

Suggested Citation

  • Daichi Shimamoto & Hiroyuki Yamada & Ayako Wakano, 2018. "The Effects of Risk Preferences on the Adoption of Post-Harvest Technology: Evidence from Rural Cambodia," Journal of Development Studies, Taylor & Francis Journals, vol. 54(10), pages 1819-1837, October.
    • Handle: RePEc:taf:jdevst:v:54:y:2018:i:10:p:1819-1837
    DOI: 10.1080/00220388.2017.1329527
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    Cited by:

    1. Toritseju Begho, 2021. "Using Farmers’ Risk Tolerance to Explain Variations in Adoption of Improved Rice Varieties in Nepal," Journal of South Asian Development, , vol. 16(2), pages 171-193, August.
    2. Hira Channa & Jacob Ricker‐Gilbert & Hugo De Groote & Jonathan Bauchet, 2021. "Willingness to pay for a new farm technology given risk preferences: Evidence from an experimental auction in Kenya," Agricultural Economics, International Association of Agricultural Economists, vol. 52(5), pages 733-748, September.
    3. Thiago Guilherme Péra & Fernando Vinícius da Rocha & José Vicente Caixeta Filho, 2023. "Tracking Food Supply Chain Postharvest Losses on a Global Scale: The Development of the Postharvest Loss Information System," Agriculture, MDPI, vol. 13(10), pages 1-14, October.

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