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Do anticipated consequences of climate change affect risk preferences and cooperation? – An experimental study with farmers, students, and representatives of the general population of Germany

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  • Gruener, Sven
  • Mußhoff, Oliver

Abstract

Human-made climate change is one of the most pressing challenges of the 21st century. This paper examines how thinking about future consequences of climate change influences decision-making. Using controlled information intervention experiments, we address ambiguity preferences, risk preferences, and willingness to cooperate among farmers, students, and representatives of the general population of Germany. The results show that after being reminded of climate change, farmers increase their investments in uncertain assets. There are also common patterns across the subject pools: willingness to cooperate seems to be nearly unaffected by reminding subjects of future consequences of climate change.

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  • Gruener, Sven & Mußhoff, Oliver, 2022. "Do anticipated consequences of climate change affect risk preferences and cooperation? – An experimental study with farmers, students, and representatives of the general population of Germany," OSF Preprints jq57n_v1, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:jq57n_v1
    DOI: 10.31219/osf.io/jq57n_v1
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