Risk Aversion: Experimental Evidence from South African Fishing Communities

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 su...

Full description

Saved in:
Bibliographic Details
Published inAmerican journal of agricultural economics Vol. 94; no. 1; pp. 133 - 152
Main Authors Brick, Kerri, Visser, Martine, Burns, Justine
Format Journal Article
LanguageEnglish
Published Oxford University Press 2012
Subjects
attitudes and opinions
compliance
fisheries
fisheries law
gender
risk
South Africa
Online AccessGet more information

Cover

More Information
Summary: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.
ISSN:0002-9092
1467-8276
DOI:10.1093/ajae/aar120