Barham, Bradford L.; Chavas, Jean-Paul; Fitz, Dylan; … - 2015
We study the impacts of risk and ambiguity aversion on the adoption of new technologies, specifically genetically … modified (GM) corn and soy seeds. We conduct experiments measuring risk and ambiguity aversion with Midwestern grain farmers …. Risk aversion has little impact on the timing of adoption, but more ambiguity-averse farmers are the early adopters of GM …