Risk preferences under heterogeneous environmental risk

We study risk preferences and their determinants for commercial cattle farmers in Namibia who are subject to high and heterogeneous precipitation risk, using data from questionnaire and field experiments, simulated data for on-farm precipitation risk and data on famers’ previous place of residence. We find that the relationship between risk preferences and precipitation risk is contingent on early-life experience with this risk. We also find that adult farmers self-select themselves onto farms according to their risk preferences. Results are not confounded by background risks or liquidity constraint.risk preferences, environmental risk, experimental elicitation, endogenous preferences, self-selection, field experiment

Risk preferences under heterogeneous environmental risk

We study risk preferences and their determinants for commercial cattle farmers in Namibia who are subject to high and heterogeneous precipitation risk, using data from questionnaire and field experiments, simulated data for on-farm precipitation risk and data on famers' previous place of residence. We find that the relationship between risk preferences and precipitation risk is contingent on early-life experience with this risk. We also find that adult farmers self-select themselves onto farms according to their risk preferences. Results are not confounded by background risks or liquidity constraint

Risk preferences under heterogeneous environmental risk

We elicit risk preferences and their determinants through a survey and field experiments for cattle farmers in Namibia who are subject to heterogeneous environmental risk. Survey data is complemented with precipitation data simulated by a climate model to analyze the relationship between risk preferences and individual precipitation risk. We find that risk aversion is inversely related to precipitation risk. When considering individual opportunity sets we find that background risk is not heterogeneous and that liquidity constraints do not influence risk aversion. The observed pattern in behavior towards risk and the interaction with environmental risk can thus be attributed to preferences

Analysing regional climate change in Africa in a 1.5°C, 2°C and 3°C global warming world

The tar-file contains results of an analysis for regional climate change in Africa in a 1.5°C, 2°C and 3°C global warming world. Climate indices such as mean annual hot nights (HN), mean annual heat waves days (HWDS), heat waves (HW), mean length of rainy seasons (LRS), mean sum of rainfall during rainy seasons (SRRS), mean number of dry days during rainy seasons (DDRS) and extreme daily rainfall intensity during rainy seasons (ERIRS) were analysed using CORDEX-Africa and WATCH data.<br

Article How Does a Regional Climate Model Modify the Projected Climate Change Signal of the Driving GCM: A Study over Different CORDEX Regions Using REMO

atmospher