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Environment for Development Center for Central America

Recent publications


Alternatives for Risk Elicitation in the Field

Although field experimental methods are the workhorse of researchers interested in risk preferences, practitioners find surveys easier to implement. This paper compares results from experimental versus survey-based methods to elicit farmers’ risk attitudes, in context-free and context-specific decision settings. We then explore how the different survey estimates of risk preferences relate to real-life farming choices in a population of coffee farmers in Costa Rica.