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dc.contributor.authorOlbrich, Rolanden_US
dc.contributor.authorBaumgärtner, Stefanen_US
dc.contributor.authorQuaas, Martin F.en_US
dc.contributor.authorHaensler, Andreasen_US
dc.description.abstractWe elicit risk preferences and their determinants through a survey and field experiments for cattle farmers in Namibia who are subject to heterogeneous environmental risk. Survey data is complemented with precipitation data simulated by a climate model to analyze the relationship between risk preferences and individual precipitation risk. We find that risk aversion is inversely related to precipitation risk. When considering individual opportunity sets we find that background risk is not heterogeneous and that liquidity constraints do not influence risk aversion. The observed pattern in behavior towards risk and the interaction with environmental risk can thus be attributed to preferences.en_US
dc.publisherVerein für Socialpolitik Frankfurt a. M.en_US
dc.relation.ispartofseriesBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Measuring Risk Preferences G6-V1en_US
dc.subject.keywordrisk preferencesen_US
dc.subject.keywordenvironmental risken_US
dc.subject.keywordexperimental elicitationen_US
dc.titleRisk preferences under heterogeneous environmental risken_US
dc.typeConference Paperen_US
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