Using Field Experiments to Elicit Risk and Ambiguity Preferences: Behavioural Factors and the Adoption of New Agricultural Technologies in Rural India.

We conduct a series of experiments in rural India in order to measure preferences related to risk, loss, and ambiguity. By combining these results with a discrete choice experiment over new and familiar rice seeds, we demonstrate how these behavioural parameters affect decisions to adopt new agricul...

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Detalles Bibliográficos
Publicado en:Journal of Development Studies Vol. 51; no. 6; pp. 707 - 725
Autores principales: Ward, Patrick S., Singh, Vartika
Formato: Artículo
Publicado: Taylor & Francis Ltd Jun2015
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Using Field Experiments to Elicit Risk and Ambiguity Preferences: Behavioural Factors and the Adoption of New Agricultural Technologies in Rural India.
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        au:
          Ward, Patrick S.
          Singh, Vartika
        affil: International Food Policy Research Institute, New Delhi, India
      su:
        Discrete choice models
        Rice seeds
        Agricultural technology
        Seed research
        Economic decision making
      sug:
        subj:
          Farm Supplies Merchant Wholesalers
          Seed merchant wholesalers
          Other farm product merchant wholesalers
          Rice Farming
          Discrete choice models
          Rice seeds
          Agricultural technology
          Seed research
          Economic decision making
      ab: We conduct a series of experiments in rural India in order to measure preferences related to risk, loss, and ambiguity. By combining these results with a discrete choice experiment over new and familiar rice seeds, we demonstrate how these behavioural parameters affect decisions to adopt new agricultural technologies, especially when the new technologies are risk reducing. We find that risk averse and loss averse individuals are more likely to switch to new seeds demonstrating risk reducing characteristics, while, contrary to expectations, ambiguity averse individuals are no more willing to retain their status quo than switch to cultivating the new variety.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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