We study how aversion to risk and ambiguity affects the adoption of new technologies by Ghanaian smallholder … aquafarmers. We conduct a set of field experiments designed to elicit farmers' risk and ambiguity preferences and combine it with … surveybased information on their technology adoption decisions. We find that aquafarmers who are more risk-averse were quicker to …

dividends next period as ambiguous. We calibrate the agent's ambiguity aversion to match only the first moment of the risk …

dividends next period as ambiguous. We calibrate the agent's ambiguity aversion to match only the first moment of the risk …

uncertainty (production- and output price risk). The focus is on the long-term effects of risk averse preferences. The land … different across the three agricultural activities considered and varies for the two sources of risk analysed. In order to … predict how risk aversion may influence soil conservation incentives detailed information is needed about input use and …

severe harvest losses leads to more risk aversion and stronger overweighting of small probabilities. Higher losses are not …

This paper addresses the impacts of degree of risk aversion, subsidy scheme and choice of utility function on optimal … expectation was that farmers' risk attitudes are unlikely to have a large effect on choice of enterprise mix. The results tend to … confirm this view, and a farmer who is hardly risk averse at all would choose the same farm plan as a very risk averse farmer …

otherwise take and this risk taking behavior is exacerbated by subsidy …

uncertainty (production- and output price risk). The focus is on the long-term effects of risk averse preferences. The land … different across the three agricultural activities considered and varies for the two sources of risk analysed. In order to … predict how risk aversion may influence soil conservation incentives detailed information is needed about input use and …

We study the impacts of risk and ambiguity aversion on the adoption of new technologies, specifically genetically … modified (GM) corn and soy seeds. We conduct experiments measuring risk and ambiguity aversion with Midwestern grain farmers …. Risk aversion has only a small impact on the timing of adoption of GM soy, while ambiguity-aversion has a large impact …