This thesis contributes to the understanding of the economic decision making of farmers. In five chapters, different experimental investigations of preferences and cognitive biases are presented. Various experimental measures of risk and time preference are applied to analyze farmers’...

Many economic decision situations of foresters and farmers are characterized by risk. Thereby, the individual risk attitude is of particular interest for understanding decision behaviour and, thus, is fundamental for valuable policy recommendations. The literature provides various methods to...

The papers of the dissertation focus on decision making under uncertainty of farmers in developed and developing countries and apply experimental approaches in order to investigate farmersʾ risk attitude and investment behavior. The first paper experimentally examines the investment and...