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Measuring Farmer Risk Preferences in Europe: A Systematic Review
Author(s) -
Iyer Poorvi,
Bozzola Martina,
Hirsch Stefan,
Meraner Manuela,
Finger Robert
Publication year - 2020
Publication title -
journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.157
H-Index - 61
eISSN - 1477-9552
pISSN - 0021-857X
DOI - 10.1111/1477-9552.12325
Subject(s) - preference , climate change , value (mathematics) , environmental resource management , business , natural resource economics , economics , computer science , microeconomics , ecology , machine learning , biology
We present a systematic review of the extensive body of research on farmer risk preference measurement across Europe. We capture the methodological developments over time and discuss remaining challenges and potential areas for further research. Given the constantly evolving policy environment in Europe, and increasing climate‐change related risks and uncertainties, there is large value to be gained from enhancing our understanding of this fundamental aspect of farmers’ decision‐making processes and consequent actions.