Small-Scale Fishers and Risk Preferences

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dc.contributor.authorEggert, H.
dc.contributor.authorLokina, Razack B.
dc.date.accessioned2016-03-24T13:29:12Z
dc.date.available2016-03-24T13:29:12Z
dc.date.issued2007
dc.description.abstractUsing an experimental approach, we investigate the risk preferences of artisanal fishermen in Tanzania waters of Lake Victoria. The experiment concerns pairwise comparisons of hypothetical fishing trips that vary in expected mean and spread of the net revenue. The results show that about 34% of the fishermen can be considered as risk neutral, 32% as risk averse, and 34% as risk seekers. Econometric analysis indicates that the likelihood of belonging to the risk-seeking group increases if motorboats are used, if fishing is the main source of household income, and if the fisherman is targeting Nile perch. Asset ownership and perhaps socioeconomic variables influence risk preferences.en_US
dc.identifier.citationEggert, H. and Lokina, R.B., 2007. Small-scale fishermen and risk preferences. Marine Resource Economics, pp.49-67.en_US
dc.identifier.urihttp://hdl.handle.net/123456789/1344
dc.language.isoenen_US
dc.publisherMarine Resource Economicsen_US
dc.subjectRisk aversionen_US
dc.subjectartisanal fishermenen_US
dc.subjectLake Victoriaen_US
dc.subjectNile perchen_US
dc.subjectdagaaen_US
dc.subjectTanzaniaen_US
dc.titleSmall-Scale Fishers and Risk Preferencesen_US
dc.typeJournal Articleen_US
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