How Well Can Experts Predict Farmers’ Choices in Risky Gambles?
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Marc F. Bellemare & Yu Na Lee & David R. Just, 2020. "Producer Attitudes Toward Output Price Risk: Experimental Evidence from the Lab and from the Field," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(3), pages 806-825, May.
- Géraldine Bocquého & Florence Jacquet & Arnaud Reynaud, 2014.
"Expected utility or prospect theory maximisers? Assessing farmers' risk behaviour from field-experiment data,"
European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 41(1), pages 135-172, February.
- Géraldine Bocquého & Florence F. Jacquet & Arnaud A. Reynaud, 2014. "Expected utility or prospect theory maximisers? Assessing farmers' risk behaviour from field-experiment data," Post-Print hal-01000072, HAL.
- Tomomi Tanaka & Colin F. Camerer & Quang Nguyen, 2010. "Risk and Time Preferences: Linking Experimental and Household Survey Data from Vietnam," American Economic Review, American Economic Association, vol. 100(1), pages 557-571, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Henning Schaak & Jens Rommel & Julian Sagebiel & Jesus Barreiro-Hurlé & Douadia Bougherara & Luigi Cembalo & Marija Cerjak & Tajana Čop & Mikołaj Czajkowski & María Espinosa-Goded & Julia Höhler & Car, 2024. "Who Can Predict Farmers' Choices in Risky Gambles?," Post-Print hal-04677299, HAL.
- Géraldine Bocqueho & Marc Deschamps & Jenny Helstroffer & Julien Jacob & Majlinda Joxhe & Ofce Observatoire Français Des Conjonctures Économiques, 2018.
"The risk and refugee migration,"
SciencePo Working papers Main
hal-03607866, HAL.
- Géraldine Bocqueho & Marc Deschamps & Jenny Helstroffer & Julien Jacob & Majlinda Joxhe & Ofce Observatoire Français Des Conjonctures Économiques, 2018. "The risk and refugee migration," Working Papers hal-03607866, HAL.
- Géraldine Bocquého & Marc Deschamps & Jenny Helstroffer & Majlinda Joxhe, 2018. "Risk and Refugee Migration," DEM Discussion Paper Series 18-08, Department of Economics at the University of Luxembourg.
- Géraldine Bocquého & Marc Deschamps & Jenny Helstroffer & Julien Jacob & Majlinda Joxhe, 2019. "Risk and refugee migration," Working Papers hal-02198118, HAL.
- Géraldine Bocquého & Marc Deschamps & Jenny Helstroffer & Julien Jacob & Majlinda Joxhe, 2018. "The risk and refugee migration," Documents de Travail de l'OFCE 2018-10, Observatoire Francais des Conjonctures Economiques (OFCE).
- Geraldine Bocquého & Marc Deschamps & Jenny Helstroffer & Julien Jacob & Majlinda Joxhe, 2018. "Risk and Refugee Migration," Working Papers of BETA 2018-16, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
- Xiaodong Du & Hongli Feng & David A. Hennessy, 2017.
"Rationality of Choices in Subsidized Crop Insurance Markets,"
American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 99(3), pages 732-756.
- Xiaodong Du & Hongli Feng & David A. Hennessy, 2014. "Rationality of Choices in Subsidized Crop Insurance Markets," Center for Agricultural and Rural Development (CARD) Publications 14-wp545, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Du, Xiaodong & Feng, Hongli & Hennessy, David A., 2017. "Rationality of Choices in Subsidized Crop Insurance Markets," ISU General Staff Papers 201704010700001564, Iowa State University, Department of Economics.
- Elisabeth Vollmer & Daniel Hermann & Oliver Musshoff, 2019.
"The disposition effect in farmers’ selling behavior: an experimental investigation,"
Agricultural Economics, International Association of Agricultural Economists, vol. 50(2), pages 177-189, March.
- Vollmer, Elisabeth & Hermann, Daniel & Mußhoff, Oliver, 2017. "The disposition effect in farmers' selling behavior – an experimental investigation," Department of Agricultural and Rural Development (DARE) Discussion Papers 260767, Georg-August-Universitaet Goettingen, Department of Agricultural Economics and Rural Development (DARE).
- Vollmer, Elisabeth & Hermann, Daniel & Mußhoff, Oliver, 2017. "The disposition effect in farmers' selling behavior: An experimental investigation," DARE Discussion Papers 1701, Georg-August University of Göttingen, Department of Agricultural Economics and Rural Development (DARE).
- Douadia Bougherara & Laurent Piet, 2018.
"On the role of probability weighting on WTP for crop insurance with and without yield skewness,"
Working Papers
hal-02790605, HAL.
- Bougherara, Douadia & Piet, Laurent, 2018. "On the role of probability weighting on WTP for crop insurance with and without yield skewness," Working Papers 279351, Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2).
- Douadia Bougherara & Laurent Piet, 2018. "On the role of probability weighting on WTP for crop insurance with and without yield skewness," Working Papers hal-01911611, HAL.
- Douadia, Bougherara & Laurent, Piet, 2018. "On the role of probability weighting on WTP for crop insurance with and without yield skewness," Working Papers SMART 18-08, INRAE UMR SMART.
- Douadia Bougherara & Laurent Piet, 2018. "On the role of probability weighting on WTP for crop insurance with and without yield skewness," CEE-M Working Papers hal-01947417, CEE-M, Universtiy of Montpellier, CNRS, INRA, Montpellier SupAgro.
- Douadia Bougherara & Laurent Piet, 2018. "On the role of probability weighting on WTP for crop insurance with and without yield skewness," Working Papers hal-01947417, HAL.
- Julia Ihli, Hanna & Chiputwa, Brian & Winter, Etti & Gassner, Anja, 2022. "Risk and time preferences for participating in forest landscape restoration: The case of coffee farmers in Uganda," World Development, Elsevier, vol. 150(C).
- Tamás Csermely & Alexander Rabas, 2016. "How to reveal people’s preferences: Comparing time consistency and predictive power of multiple price list risk elicitation methods," Journal of Risk and Uncertainty, Springer, vol. 53(2), pages 107-136, December.
- Briones, Roehlano M., 2016. "Inadequate N Application of Rice Farmers in the Philippines: Problems, Causes, Solutions," Discussion Papers DP 2016-01, Philippine Institute for Development Studies.
- Robert Finger & Viviana Garcia & Chloe McCallum & Jens Rommel, 2024. "A note on European farmers' preferences under cumulative prospect theory," Journal of Agricultural Economics, Wiley Blackwell, vol. 75(1), pages 465-472, February.
- Jens Rommel & Julian Sagebiel & Marieke Cornelia Baaken & Jesús Barreiro‐Hurlé & Douadia Bougherara & Luigi Cembalo & Marija Cerjak & Tajana Čop & Mikołaj Czajkowski & María Espinosa‐Goded & Julia Höh, 2023. "Farmers' risk preferences in 11 European farming systems: A multi‐country replication of Bocquého et al. ()," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 45(3), pages 1374-1399, September.
- Nilanjan Dutta & Arshinder Kaur, 2023. "Enabling socially responsible operations: A decision-making model for a firm contracting with decision-biased smallholders," Annals of Operations Research, Springer, vol. 320(1), pages 509-533, January.
- Villacis, Alexis H. & Bloem, Jeffrey R. & Mishra, Ashok K., 2023. "Aspirations, risk preferences, and investments in agricultural technologies," Food Policy, Elsevier, vol. 120(C).
- Xiaodong Du & Hongli Feng & David A. Hennessy, 2017.
"Rationality of Choices in Subsidized Crop Insurance Markets,"
American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 99(3), pages 732-756.
- Xiaodong Du & Hongli Feng & David A. Hennessy, 2017. "Rationality of Choices in Subsidized Crop Insurance Markets," American Journal of Agricultural Economics, John Wiley & Sons, vol. 99(3), pages 732-756, April.
- Xiaodong Du & Hongli Feng & David A. Hennessy, 2014. "Rationality of Choices in Subsidized Crop Insurance Markets," Center for Agricultural and Rural Development (CARD) Publications 14-wp545, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Du, Xiaodong & Feng, Hongli & Hennessy, David A., 2017. "Rationality of Choices in Subsidized Crop Insurance Markets," ISU General Staff Papers 201704010700001564, Iowa State University, Department of Economics.
- Alexis H. Villacis & Jeffrey R. Alwang & Victor Barrera, 2021. "Linking risk preferences and risk perceptions of climate change: A prospect theory approach," Agricultural Economics, International Association of Agricultural Economists, vol. 52(5), pages 863-877, September.
- Shuoli Zhao & Chengyan Yue, 2020. "Risk preferences of commodity crop producers and specialty crop producers: An application of prospect theory," Agricultural Economics, International Association of Agricultural Economists, vol. 51(3), pages 359-372, May.
- Elanga Mendogo, Daniel Joël & Bocquého, Géraldine, 2024.
"Risk preferences and refugee migration to Europe: An experimental analysis,"
European Journal of Political Economy, Elsevier, vol. 83(C).
- Daniel Joël Elanga Mendogo & Géraldine Bocquého, 2024. "Risk preferences and refugee migration to Europe: An experimental analysis," Post-Print hal-04642764, HAL.
- Géraldine Bocquého & Julien Jacob & Marielle Brunette, 2023.
"Prospect theory in multiple price list experiments: further insights on behaviour in the loss domain,"
Theory and Decision, Springer, vol. 94(4), pages 593-636, May.
- Géraldine Bocquého & Julien Jacob & Marielle Brunette, 2023. "Prospect theory in multiple price list experiments: further insights on behaviour in the loss domain," Post-Print hal-03768070, HAL.
- Briones, Roehlano M., 2016. "Inadequate N Application of Rice Farmers in the Philippines: Problems, Causes, Solutions," Research Paper Series DP 2016-01, Philippine Institute for Development Studies.
- Camille Tevenart & Marielle Brunette, 2021.
"Role of Farmers’ Risk and Ambiguity Preferences on Fertilization Decisions: An Experiment,"
Sustainability, MDPI, vol. 13(17), pages 1-27, August.
- Camille Tevenart & Marielle Brunette, 2019. "Role of farmers' risk and ambiguity preferences on fertilization decisions: An experiment," Working Papers 1903, Chaire Economie du climat.
- Camille Tevenart & Marielle Brunette, 2021. "Role of Farmers’ Risk and Ambiguity Preferences on Fertilization Decisions : An Experiment," Post-Print hal-03564825, HAL.
- Boyd, Chris M. & Bellemare, Marc F., 2022.
"Why not insure prices? Experimental evidence from Peru,"
Journal of Economic Behavior & Organization, Elsevier, vol. 202(C), pages 580-631.
- Boyd, Chris M. & Bellemare, Marc F., 2021. "Why Not Insure Prices? Experimental Evidence from Peru," 2021 Annual Meeting, August 1-3, Austin, Texas 312842, Agricultural and Applied Economics Association.
- Boyd, Chris M. & Bellemare, Marc F., 2021. "Why Not Insure Prices? Experimental Evidence from Peru," 2021 Conference, August 17-31, 2021, Virtual 315337, International Association of Agricultural Economists.
More about this item
Keywords
Risk attitudes; Expert predictions; Expert forecasts; Multiple prices lists; Meta-science; Experimental economics;All these keywords.
JEL classification:
- Q19 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Other
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- C99 - Mathematical and Quantitative Methods - - Design of Experiments - - - Other
NEP fields
This paper has been announced in the following NEP Reports:- NEP-AGR-2023-03-27 (Agricultural Economics)
- NEP-EXP-2023-03-27 (Experimental Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:war:wpaper:2023-03. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marcin Bąba (email available below). General contact details of provider: https://edirc.repec.org/data/fesuwpl.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.