Engle-Warnick, Jim; Escobal, Javier; Laszlo, Sonia - In: Canadian Journal of Economics 42 (2009) 1, pp. 113-140
We show, in an artefactual field economics decision-making experiment, that the addition of an alternative to a choice set can affect the measurement of farmers' risk preferences in rural Peru. We found that an alternative that would normally be considered irrelevant was chosen in Peru, and that...