Farmers' risk preferences in 11 European farming systems: A multi‐country replication of Bocquého et al.(2014)

J Rommel, J Sagebiel, MC Baaken… - Applied Economic …, 2023 - Wiley Online Library
We replicate Bocquého et al.(2014), who used multiple price lists to investigate the risk
preferences of 107 French farmers. We collected new data from 1430 participants in 11 …

The (in) stability of farmer risk preferences

R Finger, D Wüpper, C McCallum - Journal of Agricultural …, 2023 - Wiley Online Library
We test and quantify the (in) stability of farmer risk preferences, accounting for both the
instability across elicitation methods and instability over time. We use repeated …

The risk elicitation puzzle revisited: Across-methods (in) consistency?

F Holzmeister, M Stefan - Experimental economics, 2021 - Springer
With the rise of experimental research in the social sciences, numerous methods to elicit and
classify people's risk attitudes in the laboratory have evolved. However, evidence suggests …

Eliciting farmers' subjective probabilities, risk, and uncertainty preferences using contextualized field experiments

S Cerroni - Agricultural Economics, 2020 - Wiley Online Library
Subjective probabilities as well as risk and uncertainty preferences influence many farmers'
decisions. Few contextualized field experiments were recently conducted to elicit farmers' …

[LIBRO][B] Farmers and the new green architecture of the EU common agricultural policy: a behavioural experiment

FJ Dessart, J Rommel, J Barreiro-Hurlé, F Thomas… - 2021 - agrarheute.com
This behavioural experiment with farmers assessed the effect of two policy features of the
new green architecture of the EU common agricultural policy on the adoption of …

Contextual framing and monetary incentives in field experiments on risk preferences: evidence from German farmers

J Rommel, D Hermann, M Müller… - Journal of Agricultural …, 2019 - Wiley Online Library
Recent studies cast doubt on the ability of abstract experiments to predict decision‐making
in the field. Thus, scholars have argued for more 'realism'by introducing context to field …

Learning about German farmers' willingness to cooperate from public goods games and expert predictions

J Rommel, C Schulze, B Matzdorf, J Sagebiel… - Q open, 2023 - academic.oup.com
There is a growing interest in collective contracts to address agri-environmental policy goals
at landscape scales. Yet, little is known about farmers' general willingness to cooperate. We …

Comparing risk elicitation in lotteries with visual or contextual aids

L Estepa-Mohedano, MP Espinosa - Journal of Behavioral and …, 2023 - Elsevier
Eliciting risk preferences usually involves tasks that subjects may find complex, such as
calculations of expected values and assessment of probabilities in multiple price lists (MPL) …

Illusion of control in farmers' investment and financing decisions

K Labajova, J Höhler, CJ Lagerkvist, J Müller… - Agricultural Finance …, 2022 - emerald.com
Purpose People's tendency to overestimate their ability to control random events, known as
illusion of control, can affect financial decisions under uncertainty. This study developed an …

Risk attitude, innovativeness, and financial literacy—A cross-occupational comparison of German farmers and foresters

M Michels, JA Rieling, O Musshoff - Q Open, 2024 - academic.oup.com
Factors such as risk attitude, innovativeness, and financial literacy are crucial in agricultural
and forest economics, especially amidst weather and market risks. Hence, understanding …