Digging into background risk: Experiments with farmers and students

David Herberich and John List

Framed Field Experiments from The Field Experiments Website

Abstract: The article reports on a study that provides understanding of how risk preferences and other factors influence a farmer's decision to participate in a carbon offset market. It states incorporating background risk in a laboratory setting and drawing subjects from both a standard student population and a nonstandard farmer population helped to understand the decision making process. The study suggests that farmers are slightly more risk averse than students.

Date: 2012
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Citations: View citations in EconPapers (25)

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Journal Article: Digging into Background Risk: Experiments with Farmers and Students (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:feb:framed:00157

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