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Small-Scale Fishers and Risk Preferences

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dc.creator Eggert, H.
dc.creator Lokina, Razack B.
dc.date 2016-03-24T13:29:12Z
dc.date 2016-03-24T13:29:12Z
dc.date 2007
dc.date.accessioned 2018-03-27T09:04:55Z
dc.date.available 2018-03-27T09:04:55Z
dc.identifier Eggert, H. and Lokina, R.B., 2007. Small-scale fishermen and risk preferences. Marine Resource Economics, pp.49-67.
dc.identifier http://hdl.handle.net/123456789/1344
dc.identifier.uri http://hdl.handle.net/123456789/4582
dc.description Using 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.
dc.language en
dc.publisher Marine Resource Economics
dc.subject Risk aversion
dc.subject artisanal fishermen
dc.subject Lake Victoria
dc.subject Nile perch
dc.subject dagaa
dc.subject Tanzania
dc.title Small-Scale Fishers and Risk Preferences
dc.type Journal Article


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