Many economic decision situations of foresters and farmers are characterized by risk. Thereby, the individual risk attitude is of particular interest for understanding decision behaviour and, thus, is fundamental for valuable policy recommendations. The literature provides various methods to...

This cross-country study compares risk and time preferences of farmers from two lower-middle income countries, India and Indonesia. Current literature mainly focuses on a single country context; however, this study involves more than one country. Hence, we could investigate whether the...

A farmer’s uncertainty preferences can play a large role in how he makes production decisions on the farm. We attempt to understand how farmers’ household characteristics as well as past harvest shocks affect uncertainty preferences of maize farmers in southern Mexico. By using a series of...