Eggert, Håkan; Martinsson, Peter - Nationalekonomiska institutionen, Handelshögskolan - 2003
Empirical studies of fishers’ preferences have found that most fishers are risk-averse, while expected-utility theory … predicts risk neutrality even for sizable stakes. We test this prediction using data from a stated choice experiment with …. 48% of the fishers can be broadly characterized as risk-neutral, 26% as modestly risk-averse, while 26% are strongly risk …