Risk Aversion: Experimental Evidence from South African Fishing Communities

American Journal of Agricultural Economics - Tập 94 Số 1 - Trang 133-152 - 2012
Kerri Brick1, Martine Visser2, Justine Burns3
1Environmental‐ Economics PolicyResearch Unit (EPRU) University of Cape Town
2School of Economics University of CapeTown and Research Fellow at EPRU
3School of Economics University of Cape Town

Tóm tắt

We estimate the risk attitudes of a large sample of individuals from various fishing communities along the west coast of South Africa. Female fishers and rights holders are found to be more risk averse than their male counterparts, while rights holders are found to be less risk averse relative to subjects without fishing rights. Risk attitudes are found to be correlated with compliance with fisheries regulations. In particular, a greater degree of risk aversion translates into a reduction in compliance. Furthermore, in the case of gender, female fishers and rights holders are more likely to comply with fisheries regulations.

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