Accessibility navigation


Are impatient farmers more risk-averse? Evidence from a lab-in-the-field experiment in rural Uganda

Clot, S., Stanton, C. Y. and Willinger, M. (2017) Are impatient farmers more risk-averse? Evidence from a lab-in-the-field experiment in rural Uganda. Applied Economics, 49 (2). pp. 156-169. ISSN 1466-4283

[img]
Preview
Text - Accepted Version
· Please see our End User Agreement before downloading.

1MB

To link to this item DOI: 10.1080/00036846.2016.1192277

Abstract/Summary

Based on data from a field-experiment in rural Uganda, we show that impatient farmers are more risk-averse than patient farmers. We relied on a simplified version of the Convex Time Budget (CTB) method to elicit farmers’ time preferences and on an independent method for eliciting their risk-preferences. We report two important findings. First, we show that our simplified CTB method applied to farmers from Uganda replicates the key findings of Andreoni and Sprenger’s lab experiments that involved student subjects. Second, we establish the existence of a negative correlation between risk tolerance and impatience, based on two independent measures.

Item Type:Article
Refereed:Yes
Divisions:Faculty of Arts, Humanities and Social Science > School of Politics, Economics and International Relations > Economics
ID Code:68347
Publisher:Taylor & Francis

Downloads

Downloads per month over past year

University Staff: Request a correction | Centaur Editors: Update this record

Page navigation