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

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dc.abstract.enWe 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 European farming systems. In agreement with the original study, farmers' risk preferences are best described by Cumulative Prospect Theory. Structural model estimates show that farmers in the new samples are, on average, less loss averse and more susceptible to probability distortion than in the original study. Explorative analyses indicate differences between estimation approaches, as well as heterogeneity between and within samples. We discuss challenges in replications of economic experiments with farmers across farming contexts.
dc.affiliationUniwersytet Warszawski
dc.contributor.authorLapierre, Margaux
dc.contributor.authorZagórska, Katarzyna
dc.contributor.authorKuhfuss, Laure
dc.contributor.authorTensi, Annika Francesca
dc.contributor.authorSagebiel, Julian
dc.contributor.authorWillinger, Marc
dc.contributor.authorEspinosa, MARIA
dc.contributor.authorMaksan, Marina Tomić
dc.contributor.authorSchulze, Christoph
dc.contributor.authorThoyer, Sophie
dc.contributor.authorOtt, Edward
dc.contributor.authorCerjak, Marija
dc.contributor.authorČop, Tajana
dc.contributor.authorPAPARELLA, ANTONIO
dc.contributor.authorHöhler, Julia
dc.contributor.authorbarreiro-hurle, jesus
dc.contributor.authorMatzdorf, Bettina
dc.contributor.authorŠumrada, Tanja
dc.contributor.authorvecchio, riccardo
dc.contributor.authorLefebvre, marianne
dc.contributor.authorRodriguez-Entrena, Macario
dc.contributor.authorRommel, Jens
dc.contributor.authorCembalo, Luigi
dc.contributor.authorBOUGHERARA, DOUADIA
dc.contributor.authorLagerkvist, Carl Johan
dc.contributor.authorQuendler, Erika
dc.contributor.authorBaaken, Marieke Cornelia
dc.contributor.authorCzajkowski, Mikołaj
dc.date.accessioned2024-01-25T00:16:17Z
dc.date.available2024-01-25T00:16:17Z
dc.date.issued2022
dc.description.financePublikacja bezkosztowa
dc.identifier.doi10.1002/AEPP.13330
dc.identifier.issn2040-5790
dc.identifier.urihttps://repozytorium.uw.edu.pl//handle/item/106982
dc.identifier.weblinkhttp://dx.doi.org/10.1002/aepp.13330
dc.languageeng
dc.pbn.affiliationeconomics and finance
dc.relation.ispartofApplied Economic Perspectives and Policy
dc.rightsClosedAccess
dc.sciencecloudnosend
dc.titleFarmers' risk preferences in 11 European farming systems: A multi‐country replication of Bocquého et al. (2014)
dc.typeJournalArticle
dspace.entity.typePublication