Die vier Beiträge der vorliegenden Dissertationsschrift untersuchen das Entscheidungsverhalten von Landwirten in unterschiedlichen Entscheidungssituationen. Das übergeordnete Ziel ist es, die Präferenzstruktur und Zahlungsbereitschaft von Landwirten in den untersuchten...

This thesis contributes to the understanding of the economic decision making of farmers. In five chapters, different experimental investigations of preferences and cognitive biases are presented. Various experimental measures of risk and time preference are applied to analyze farmers’...

The dissertation presents a collection of essays that deal with behavioral aspects on labor markets and focus especially on social interactions. Each Chapter from 2 to 5 represents one separate project/essay. In this general introduction, I will embed the four essays in the broader frame of...

The dissertation mainly consists of two articles: INVESTMENTS IN KAZAKHSTANI DAIRY FARMING: A COMPARISON OF THE CLASSICAL INVESTMENT THEORY AND THE REAL OPTIONS APPROACH Abstract This study analyzes the explanatory potential of the real options approach (ROA) regarding the reluctance of...

Most researchers who analyze producers’ preferences under uncertainty report that producers are averse towards risk and ambiguity scenarios. This aversion has an influence on producers’ decision-making processes; hence the relevance of determining and analyzing these preferences as a key...

Die Nutzung neuer Technologien in der Landwirtschaft spielt eine entscheidende Rolle, um die durch exponentielles Bevölkerungswachstum bedingten Herausforderungen zu bewältigen. Seit der Grünen Revolution der 1960er Jahre haben Forscher Probleme und Herausforderungen, welche mit der Nutzung...