IDEAS home Printed from https://ideas.repec.org/r/oup/ajagec/v97y2015i5p1371-1384..html
   My bibliography  Save this item

Using Cumulative Prospect Theory to Explain Anomalous Crop Insurance Coverage Choice

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as


Cited by:

  1. Doidge, Mary & Feng, Hongli & Hennessy, David A., 2018. "Farmers’ valuation of changes to crop insurance coverage level – a test of third generation prospect theory," 2018 Annual Meeting, August 5-7, Washington, D.C. 274478, Agricultural and Applied Economics Association.
  2. Christoph Duden & Oliver Mußhoff & Frank Offermann, 2023. "Dealing with low‐probability shocks: The role of selected heuristics in farmers’ risk management decisions," Agricultural Economics, International Association of Agricultural Economists, vol. 54(3), pages 382-399, May.
  3. 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.
  4. Kelly A. Davidson & Brittney K. Goodrich, 2023. "Nudge to insure: Can informational nudges change enrollment decisions in pasture, rangeland, and forage rainfall index insurance?," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 45(1), pages 534-554, March.
  5. Yu, Jisang & Smith, Aaron & Sumner, Daniel A., 2016. "The Effects of the Premium Subsidies in the U.S. Federal Crop Insurance Program on Crop Acreage," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 236022, Agricultural and Applied Economics Association.
  6. 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.
  7. Marco Rogna & Günter Schamel & Alex Weissensteiner, 2019. "Choosing between Hail Insurance and Anti-Hail Nets: A Simple Model and a Simulation among Apples Producers in South Tyrol," BEMPS - Bozen Economics & Management Paper Series BEMPS62, Faculty of Economics and Management at the Free University of Bozen.
  8. Douadia Bougherara & Lana Friesen & Céline Nauges, 2021. "Risk Taking with Left- and Right-Skewed Lotteries," Journal of Risk and Uncertainty, Springer, vol. 62(1), pages 89-112, February.
  9. MacLachlan, Matthew & Ramos, Sean & Hungerford, Ashley & Edwards, Seanicaa, 2018. "Federal Natural Disaster Assistance Programs for Livestock Producers, 2008-16," Economic Information Bulletin 276251, United States Department of Agriculture, Economic Research Service.
  10. 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.
  11. Chai, Yuan & J. Pannell, David & G. Pardey, Philip, 2023. "Nudging farmers to reduce water pollution from nitrogen fertilizer," Food Policy, Elsevier, vol. 120(C).
  12. Delbridge, Timothy A. & King, Robert P., 2016. "How Important is the T-Yield? An Analysis of Reforms to Organic Crop Insurance," Staff Papers 244732, University of Minnesota, Department of Applied Economics.
  13. Marco Rogna & Günter Schamel & Alex Weissensteiner, 2023. "Modelling the switch from hail insurance to antihail nets," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 67(1), pages 118-136, January.
  14. Bougherara, Douadia & Friesen, Lana & Nauges, Céline, 2022. "Risk-taking and skewness-seeking behavior in a demographically diverse population," Journal of Economic Behavior & Organization, Elsevier, vol. 201(C), pages 83-104.
  15. Feyisa, Ashenafi Duguma & Maertens, Miet & de Mey, Yann, 2023. "Relating risk preferences and risk perceptions over different agricultural risk domains: Insights from Ethiopia," World Development, Elsevier, vol. 162(C).
  16. Che, Yuyuan & Feng, Hongli & Hennessy, David A., 2017. "The Geography and Psychology of Participation in U.S. Federal Crop Insurance Programs," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 259190, Agricultural and Applied Economics Association.
  17. Nathan D. DeLay & Brady Brewer & Allen Featherstone & David Boussios, 2023. "The impact of crop insurance on farm financial outcomes," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 45(1), pages 579-601, March.
  18. Bucheli, Janic & Dalhaus, Tobias & Finger, Robert, 2022. "Temperature effects on crop yields in heat index insurance," Food Policy, Elsevier, vol. 107(C).
  19. Vincenzina Caputo & Jayson L Lusk & Rodolfo M Nayga, 2020. "Am I Getting a Good Deal? Reference‐DependentDecision Making When the Reference Price Is Uncertain," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(1), pages 132-153, January.
  20. repec:ags:aaea22:335953 is not listed on IDEAS
  21. Naranjo, Maria A. & Alpízar, Francisco & Martinsson, Peter, 2019. "Alternatives for Risk Elicitation in the Field: Evidence from Coffee Farmers in Costa Rica," EfD Discussion Paper 19-21, Environment for Development, University of Gothenburg.
  22. Aditya, K.S. & Kishore, Avinash & Khan, Tajuddin, 2020. "Exploring farmers’ willingness to pay for crop insurance products: A case of weather-based crop insurance in Punjab India," Agricultural Economics Research Review, Agricultural Economics Research Association (India), vol. 33(2), December.
  23. Glauber, Joseph W., 2017. "Agricultural insurance and the WTO:," IFPRI book chapters, in: Bouët, Antoine & Laborde Debucquet, David (ed.), Agriculture, development, and the global trading system: 2000– 2015, chapter 10, International Food Policy Research Institute (IFPRI).
  24. Goodrich, Brittney K. & Davidson, Kelly A., . "Enrollment in Pasture, Rangeland, and Forage Rainfall Index Insurance: Awareness Matters," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 49(2).
  25. Zhao, Shuoli & Skevas, Teo & Chai, Yuan & Tack, Jesse B., 2020. "Crop Insurance Decision under Expected Revenue," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304574, Agricultural and Applied Economics Association.
  26. Francisco Rosas & Mariana Sans & Santiago Arana, 2018. "The effect of irrigation on income volatility reduction: a prospect theory approach," Documentos de Investigación 118, Universidad ORT Uruguay. Facultad de Administración y Ciencias Sociales.
  27. Bontemps, Christophe & Bougherara, Douadia & Nauges, Céline, 2020. "Do Risk Preferences Really Matter? The Case of Pesticide Use in Agriculture," TSE Working Papers 20-1095, Toulouse School of Economics (TSE).
  28. Fezzi, Carlo & Menapace, Luisa & Raffaelli, Roberta, 2021. "Estimating risk preferences integrating insurance choices with subjective beliefs," European Economic Review, Elsevier, vol. 135(C).
  29. Shin, Soye, 2018. "Better understanding of Demand for Weather Index Insurance among Smallholder Farmers under Prospect Theory," 2018 Annual Meeting, August 5-7, Washington, D.C. 274477, Agricultural and Applied Economics Association.
  30. Rosas, Juan Francisco & Sans, Mariana & Arana, Santiago, 2017. "Quantifying the Benefits of Supplemented Irrigation due to Less Volatile Yields: A Prospect Theory Approach Applied to Summer Crops in Uruguay," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 259122, Agricultural and Applied Economics Association.
  31. 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.
  32. Bulut, Harun, 2016. "U.S. Farmers’ Insurance Choices under Expected Utility Theory and Cumulative Prospect Theory," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 236019, Agricultural and Applied Economics Association.
  33. Häckel, Björn & Pfosser, Stefan & Tränkler, Timm, 2017. "Explaining the energy efficiency gap - Expected Utility Theory versus Cumulative Prospect Theory," Energy Policy, Elsevier, vol. 111(C), pages 414-426.
  34. Brittney Goodrich & Jisang Yu & Monte Vandeveer, 2020. "Participation patterns of the rainfall index insurance for pasture, rangeland and forage programme," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 45(1), pages 29-51, January.
  35. Hongli Feng & Xiaodong Du & David A. Hennessy, 2020. "Depressed demand for crop insurance contracts, and a rationale based on third generation Prospect Theory," Agricultural Economics, International Association of Agricultural Economists, vol. 51(1), pages 59-73, January.
  36. Gómez-Limón, José A. & Granado-Díaz, Rubén, 2023. "Assessing the demand for hydrological drought insurance in irrigated agriculture," Agricultural Water Management, Elsevier, vol. 276(C).
  37. 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.
  38. Mohit Anand & Ruiqing Miao & Madhu Khanna, 2019. "Adopting bioenergy crops: Does farmers’ attitude toward loss matter?," Agricultural Economics, International Association of Agricultural Economists, vol. 50(4), pages 435-450, July.
  39. Alexandre Gohin, 2019. "General Equilibrium Modelling of the Insurance Industry: U.S. Crop Insurance," Journal of Global Economic Analysis, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, vol. 4(2), pages 108-145, December.
  40. Géraldine Bocquého & Julien Jacob & Marielle Brunette, 2020. "Prospect theory in experiments : behaviour in loss domain and framing effects," Working Papers hal-02987294, HAL.
  41. Rosch, Stephanie D., 2017. "Risk Attitudes of US Agricultural Producers," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258025, Agricultural and Applied Economics Association.
  42. Robert Finger & Nadja El Benni, 2021. "Farm income in European agriculture: new perspectives on measurement and implications for policy evaluation," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 48(2), pages 253-265.
  43. Piancharoenwong, Assanee & Badir, Yuosre F., 2024. "IoT smart farming adoption intention under climate change: The gain and loss perspective," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
  44. Sarah Janzen & Nicholas Magnan & Conner Mullally & Soye Shin & I. Bailey Palmer & Judith Oduol & Karl Hughes, 2021. "Can Experiential Games and Improved Risk Coverage Raise Demand for Index Insurance? Evidence from Kenya," American Journal of Agricultural Economics, John Wiley & Sons, vol. 103(1), pages 338-361, January.
  45. 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.
  46. Davidson, Kelly A. & Goodrich, Brittney K., 2020. "Nudge to Insure: Can Informational Nudges Increase Enrollment in Pasture, Rangeland and Forage Rainfall Index Insurance?," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304550, Agricultural and Applied Economics Association.
  47. Matthieu Stigler & David Lobell, 2020. "On the benefits of index insurance in US agriculture: a large-scale analysis using satellite data," Papers 2011.12544, arXiv.org, revised Nov 2021.
  48. Shin, Soye & Magnan, Nicholas & Mullally, Conner & Janzen, Sarah, 2022. "Demand for Weather Index Insurance among Smallholder Farmers under Prospect Theory," Journal of Economic Behavior & Organization, Elsevier, vol. 202(C), pages 82-104.
  49. Ranjan Kumar Ghosh & Shweta Gupta & Vartika Singh & Patrick S. Ward, 2021. "Demand for Crop Insurance in Developing Countries: New Evidence from India," Journal of Agricultural Economics, Wiley Blackwell, vol. 72(1), pages 293-320, February.
  50. Fabio G., Santeramo & Ilaria, Russo & Emilia, Lamonaca, 2022. "Italian subsidised crop insurance: what the role of policy changes," MPRA Paper 115299, University Library of Munich, Germany.
  51. Taylor, Mykel & Wilson, Candice, 2017. "Effects of Imperfect Information on 2014 Farm Bill Program Enrollment," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 252805, Southern Agricultural Economics Association.
  52. Roberto Esposti, 2022. "Non-Monetary Motivations Of Agroenvironmental Policies Adoption. A Causal Forest Approach," Working Papers 459, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
  53. Jacobs, Keri & Li, Ziran & Hayes, Dermot, 2016. "Price Responses in Forward Contracting: Do We Limit The Upside And Expose The Downside?," ISU General Staff Papers 201601010800001017, Iowa State University, Department of Economics.
  54. Rommel, Jens & Hermann, Daniel & Müller, Malte & Mußhoff, Oliver, 2016. "Comparing The Predictive Power Of Risk Elicitation Instruments: Experimental Evidence From German Farmers," 56th Annual Conference, Bonn, Germany, September 28-30, 2016 244759, German Association of Agricultural Economists (GEWISOLA).
  55. Jisang Yu & Daniel A. Sumner, 2018. "Effects of subsidized crop insurance on crop choices," Agricultural Economics, International Association of Agricultural Economists, vol. 49(4), pages 533-545, July.
  56. Hungerford, Ashley & Rosch, Stephanie, 2016. "The Effect of Crop Insurance Premium Subsidies on Soybean Producers' Risk Management Portfolios," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235341, Agricultural and Applied Economics Association.
  57. Mykel R Taylor & Glynn T Tonsor & Nicholas D Paulson & Brenna Ellison & Jonathan Coppess & Gary D Schnitkey, 2017. "Is it Good to Have Options? The 2014 Farm Bill Program Decisions," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 39(4), pages 533-546.
  58. Goodrich, Brittney K. & Yu, Jisang, 2018. "Risk Preferences and the Participation Pattern of Rainfall Index Insurance," 2018 Annual Meeting, August 5-7, Washington, D.C. 273879, Agricultural and Applied Economics Association.
  59. Stigler, Matthieu M. & Lobell, David, 2020. "Suitability of index insurance: new insights from satellite data," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304663, Agricultural and Applied Economics Association.
  60. Wieliczko, Barbara, 2017. "It is all about the risk – how can an enabling environment for agricultural innovation be created within the Common Agricultural Policy?," Rural Areas and Development, European Rural Development Network (ERDN), vol. 14.
  61. K.S. , A. & Khan, T. & Kishore, A., 2018. "Willingness to pay for Weather Based Crop Insurance in Punjab," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277516, International Association of Agricultural Economists.
  62. Hong Fu & Yuehua Zhang & Yinuo An & Li Zhou & Yanling Peng & Rong Kong & Calum G. Turvey, 2022. "Subjective and objective risk perceptions and the willingness to pay for agricultural insurance: evidence from an in-the-field choice experiment in rural China," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 47(1), pages 98-121, March.
  63. Finger, Robert & Sok, Jaap & Ahovi, Emmanuel & Akter, Sharmin & Bremmer, Johan & Dachbrodt-Saaydeh, Silke & de Lauwere, Carolien & Kreft, Cordelia & Kudsk, Per & Lambarraa-Lehnhardt, Fatima & McCallum, 2024. "Towards sustainable crop protection in agriculture: A framework for research and policy," Agricultural Systems, Elsevier, vol. 219(C).
  64. Prasenjit N. Ghosh & Ruiqing Miao & Emir Malikov, 2023. "Crop insurance premium subsidy and irrigation water withdrawals in the western United States," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 48(4), pages 968-992, October.
  65. Thomas Sproul & Clayton P. Michaud, 2017. "Heterogeneity in loss aversion: evidence from field elicitations," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 77(1), pages 196-216, May.
  66. Burns, Christopher B. & Prager, Daniel L., 2018. "Does Crop Insurance Influence Commercial Crop Farm Decisions to Expand? An Analysis Using Panel Data from the Census of Agriculture," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 43(1), January.
  67. Nadia A. Streletskaya & Samuel D. Bell & Maik Kecinski & Tongzhe Li & Simanti Banerjee & Leah H. Palm‐Forster & David Pannell, 2020. "Agricultural Adoption and Behavioral Economics: Bridging the Gap," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 42(1), pages 54-66, March.
IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.