Small-Scale Fishers and Risk Preferences

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dc.creatorEggert, H.
dc.creatorLokina, Razack B.
dc.date2016-03-24T13:29:12Z
dc.date2016-03-24T13:29:12Z
dc.date2007
dc.date.accessioned2018-03-27T09:04:55Z
dc.date.available2018-03-27T09:04:55Z
dc.descriptionUsing 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.identifierEggert, H. and Lokina, R.B., 2007. Small-scale fishermen and risk preferences. Marine Resource Economics, pp.49-67.
dc.identifierhttp://hdl.handle.net/123456789/1344
dc.identifier.urihttp://hdl.handle.net/123456789/4582
dc.languageen
dc.publisherMarine Resource Economics
dc.subjectRisk aversion
dc.subjectartisanal fishermen
dc.subjectLake Victoria
dc.subjectNile perch
dc.subjectdagaa
dc.subjectTanzania
dc.titleSmall-Scale Fishers and Risk Preferences
dc.typeJournal Article

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Department of Economics