THE ILLUSION OF CONTROL, COGNITIVE DISSONANCE AND FARMER PERCEPTION OF GM CROPS

We examine the correlation between farmers' beliefs and practices regarding GM crops with yield shocks from the previous year the crop was grown. Farmers who may have had poor yields due to weather, were more likely to change adoption decisions. Yields marginally affect farmers' beliefs regarding the EU ban on GMO's, or the adverse environmental affects of GM crops. This behavior is consistent with many known psychological biases.

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Year of publication:	2004
Authors:	Just, David R. ; Roberts, Michael J.
Institutions:	Agricultural and Applied Economics Association - AAEA
Keywords:	Research and Development/Tech Change/Emerging Technologies

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Extent:	application/pdf
Series:	2004 Annual meeting, August 1-4, Denver, CO.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2004 Annual meeting, August 1-4, Denver, CO Number 19941
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005060985