Barham, Bradford L.; Chavas, Jean-Paul; Fitz, Dylan; … - In: Journal of Economic Behavior & Organization 97 (2014) C, pp. 204-218
We study the impacts of risk and ambiguity aversion on the adoption of new technologies, specifically genetically modified (GM) corn and soy seeds. We conduct experiments measuring risk and ambiguity aversion with Midwestern grain farmers. Risk aversion has only a small impact on the timing of...