Date of the event:
On Thursday 7th June, 2012
From 01:00 PM to 2:00 PM
Location:
Luxembourg School of Finance
University of Luxembourg
4 Rue Albert Borschette
2nd Floor
Modigliani Miller Auditorium (E02-003)
L-1246 Luxembourg
Registrations:
-
Free seminar (with lunch included)
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Registrations by email before June 4th, 2012
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At the following address : lsf-events@uni.lu
The LSF is pleased to invite you to the following
lunch seminar:
Overconfidence and Risk Management of
Ethiopian Farmers
Information:
Ms Martine Zenner
Tel : +352 46 66 44 6335
http://www.lsf.lu/eng/Research/Seminars-and-Workshops
By Professor Ulrich Schmidt
University of Kiel
Thursday, 7th June, 2012
From 01:00 PM to 2:00 PM
Overconfidence and Risk Management of
Ethiopian Farmers
The Luxembourg School of Finance
OOO
Is pleased to invite you to the
This paper focuses on risk taking of Ethiopian farmers. We combine a
survey with an experimental study in order to elicit sociodemographic
data, agricultural production patterns, risk preferences and
overconfidence of farmers. Our main result shows that risk taking of
farmers – measured by standard deviation of yields and diversification
between difference income sources – seems to be unrelated to risk
preferences but highly correlated to overconfidence measures. In
particular, more positive self-evaluations lead very robustly to higher risk
taking.
LSF Seminar