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The Illusion Of Control, Cognitive Dissonance And Farmer Perception Of Gm Crops

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  • Just, David R.
  • Roberts, Michael J.

Abstract

We examine the correlation between farmers' beliefs and practices regarding GM crops with yield shocks from the previous year the crop was grown. Farmers who may have had poor yields due to weather, were more likely to change adoption decisions. Yields marginally affect farmers' beliefs regarding the EU ban on GMO's, or the adverse environmental affects of GM crops. This behavior is consistent with many known psychological biases.

Suggested Citation

  • Just, David R. & Roberts, Michael J., 2004. "The Illusion Of Control, Cognitive Dissonance And Farmer Perception Of Gm Crops," 2004 Annual meeting, August 1-4, Denver, CO 19941, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea04:19941
    DOI: 10.22004/ag.econ.19941
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    References listed on IDEAS

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    4. Fernandez-Cornejo, Jorge & McBride, William D., 2002. "Adoption Of Bioengineered Crops," Agricultural Economic Reports 33957, United States Department of Agriculture, Economic Research Service.
    5. Lybbert, Travis J. & Barrett, Christopher B. & McPeak, John G. & Luseno, Winnie K., 2003. "Bayesian Herders: Asymmetric Updating Of Rainfall Beliefs In Response To External Forecasts," Working Papers 14762, Cornell University, Department of Applied Economics and Management.
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