TY - JOUR
T1 - The Effects of Risk Preferences on the Adoption of Post-Harvest Technology
T2 - Evidence from Rural Cambodia
AU - Shimamoto, Daichi
AU - Yamada, Hiroyuki
AU - Wakano, Ayako
N1 - Funding Information:
This work was supported by the Japan Society for the Promotion of Science [Grant number 25101003]. We are deeply grateful to two anonymous referees, Professors Tsunehiro Otsuki and Fumio Ohtake, Masaru Sasaki, Yasuyuki Todo, Yasuyuki Sawada, Aya Suzuki, Petr Matous, Tomoharu Mori, Hirofumi Kurokawa, Takeshi Aida and the participants at Tokyo Workshop on International Development, Singapore Economic Review Conference 2015, Japanese Economic Association spring meeting 2015, and the seminars at Osaka University for their helpful comments and discussions. We would also like to thank Meas Pyseth and Vichet Sorn for providing us with useful information on rice farming in Cambodia. Financial support by the Grant-in-Aid for Scientific Research (No. 25101003) from the Japan Society for the Promotion of Science is gratefully acknowledged. All remaining errors are our own.
PY - 2018/10/3
Y1 - 2018/10/3
N2 - We investigate how rice farmers’ risk preferences affect the adoption of post-harvest technology in Cambodia, focusing on moisture meters. We find that risk-averse farmers are more likely to adopt moisture meters, although the degree of farmers’ loss aversion or the extent to which they tended to overweight small probabilities do not affect the adoption. In the setting of our study, the effects of farmers’ risk preferences on agricultural technology adoption can be described by using expected utility theory. However, controlling for loss aversion and probability weighting improves the precision of examining the effects of farmers’ risk preferences on adoption.
AB - We investigate how rice farmers’ risk preferences affect the adoption of post-harvest technology in Cambodia, focusing on moisture meters. We find that risk-averse farmers are more likely to adopt moisture meters, although the degree of farmers’ loss aversion or the extent to which they tended to overweight small probabilities do not affect the adoption. In the setting of our study, the effects of farmers’ risk preferences on agricultural technology adoption can be described by using expected utility theory. However, controlling for loss aversion and probability weighting improves the precision of examining the effects of farmers’ risk preferences on adoption.
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U2 - 10.1080/00220388.2017.1329527
DO - 10.1080/00220388.2017.1329527
M3 - Article
AN - SCOPUS:85021415148
SN - 0022-0388
VL - 54
SP - 1819
EP - 1837
JO - Journal of Development Studies
JF - Journal of Development Studies
IS - 10
ER -