Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Food and Agriculture 2 Location: B136 Session Chair: Eshita Gupta, KPMG | |
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Information and Individual Preferences under Uncertainty: Experimental Evidence from Organic Farming Paris Nanterre University, France This study investigates barriers to organic farming adoption in developing countries, fo- cusing on ambiguity and risk among 611 Vietnamese farmers. We develop an α-MaxMin Expected Utility model predicting that information reduces the level of ambiguity rather than altering ambiguity preferences. Our key theoretical contribution formalizes how infor- mation should disproportionately benefit ambiguity-averse farmers. We test this mechanism through a lab-in-the-field experiment estimating the interaction between information and ambiguity aversion. Results from inverse-propensity weighted fractional response models show that information significantly increases intended conversion by 34 percentage points and attenuates the negative effect of ambiguity aversion. Robustness checks using beta regression confirm these findings. The interaction effect represents a novel empirical contri- bution, demonstrating that information’s value is heterogeneous and largest for those most hampered by ambiguity. | |