@article{ref1,
title="Farmers' risk preferences in rural China: measurements and determinants",
journal="International journal of environmental research and public health",
year="2017",
author="Jin, Jianjun and He, Rui and Gong, Haozhou and Xu, Xia and He, Chunyang",
volume="14",
number="7",
pages="e14070713-e14070713",
abstract="This study measures farmers' risk attitudes in rural China using a survey instrument and a complementary experiment conducted in the field with the same sample of subjects. Using a question asking people about their willingness to take risks &quot;in general&quot;, we found that the average response of our sample is slightly risk averse. Farmers' exogenous factors (age, gender, and height) and self-reported happiness have a significant impact on farmers' willingness to take risks. The experiment results show that approximately 44% of farmers in the study area are risk averse. We compare farmers' self-reported measures of risk preferences derived from the survey instrument to preferences elicited through the experimental task. <br><br>RESULTS show that answers to the general risk attitude question in the survey can predict farmers' behaviors in the experiment to a statistically significant degree. This paper can contribute to the empirical literature on comparing local farmers' risk attitudes across different risk preference measurement methods in the developing world.<p /> <p>Language: en</p>",
language="en",
issn="1661-7827",
doi="10.3390/ijerph14070713",
url="http://dx.doi.org/10.3390/ijerph14070713"
}