Barham, Bradford L.; Chavas, Jean-Paul; Fitz, Dylan; … - In: Journal of Economic Behavior & Organization 97 (2014) C, pp. 204-218
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 …