Olbrich, Roland; Quaas, Martin F.; Haensler, Andreas; … - 2011
We study risk preferences and their determinants for commercial cattle farmers in Namibia who are subject to high … precipitation risk that is heterogeneous across farms. We use data on risk preferences from questionnaire and field experiments …, simulated data for on-farm precipitation risk and data on famers’ previous place of residence. We find that, on average, less …