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	Provedor de dados AgEcon (1) Autor Bocqueho, Geraldine (1) Jacquet, Florence (1) Reynaud, Arnaud (1) Palavra-chave C91 (1) D81 (1) Experimental economics (1) Field experiment (1) J16 (1) Prospect theory (1) Q12 (1) Risk and Uncertainty (1) Risk preferences (1) Mais... Tipo do documento Conference Paper or Presentation (1) Ano 2011 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Expected Utility or Prospect Theory Maximizers? Results from a Structural Model based on Field-experiment Data AgEcon Bocqueho, Geraldine; Jacquet, Florence; Reynaud, Arnaud. We elicit risk preferences of French farmers in a field experimental setting under expected utility theory and cumulative prospect theory. We use two different estimation methods, namely the interval approach and the estimation of a random preference model. On average, farmers are risk averse and loss averse. They also exhibit an inverse S-shaped probability weighting function, meaning that they tend to overweight small probabilities and underweight high probabilities. We infer from our results that CPT explains farmers’ behaviour better than EUT in the context of our experiment. We also investigate how preferences correlate with individual socio-demographic characteristics. We find that education and agricultural innovation are negatively linked with risk... Tipo: Conference Paper or Presentation Palavras-chave: Risk preferences; Field experiment; Experimental economics; Prospect theory; Risk and Uncertainty; C91; D81; J16; Q12. Ano: 2011 URL: http://purl.umn.edu/114257 Registros recuperados: 1 Primeira ... 1 ... Última

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