In this study, we experimentally analyze the investment behavior of smallholder farmers in Uganda. We consider a problem of optimal stopping, stylizing an option to invest in a project. We ascertain whether, and to what extent, the real options approach and the classical investment theory can...

This study compares risk attitudes of smallholder farmers elicited from two different lottery designs (i) with fixed payoffs and changing probabilities and (ii) with fixed probabilities and changing payoffs. We utilize a combination of experimental and household survey data collected from 332...

The digital revolution and the ongoing dissemination of mobile phones carry several prospects for smallholder farmers in Sub-Saharan Africa. Food insecurity remains a major issue among African smallholders. Mobile phones could potentially facilitate access to food markets and thus improve food...