Working Papers

The WNE Working Papers series has been published by the Faculty of Economic Sciences at the University of Warsaw since 2008.

The WNE Working Papers series provides a fast, open channel for disseminating research conducted at the Faculty of Economic Sciences, University of Warsaw. The papers hosted here are working versions (pre-prints) and may evolve as authors refine their analyses, incorporate feedback, or progress through formal peer-review. What you read is the current version released by the authors, timestamped and assigned DOI/ISSN identifiers to ensure precise citation and version tracking. Copyright remains with the authors, who may, at any time, upload a revised file or add a note directing readers to a later, peer-reviewed publication.

The Working Papers series accepts articles by research employees of the Faculty and publications from conferences organised at the Faculty of Economic Sciences at the University of Warsaw. Articles should be original research papers which have not been previously published, on the subject of economics.

Please send your paper by e-mail: 3N_@kXWofE6rm\YjK]ghs^.OV7~]#[#=R'UG?`H2veasQY-f]`|DmE_'k 

Please send 2 files:

(1) the main text without the title of the article and the authors (DOC/DOCX file) and

(2) the title page including: the title of the paper, the authors and their affiliation (DOC/DOCX file).

Please read the detailed editing requirements before submitting your text. 

Number of Results 1

WP(24/2022)400. Farmers' risk preferences in eleven European farming systems: A multi-country replication of Bocquého et al. (2014)

Authors: Rommel Jens, Sagebiel Julian, Baaken Marieke Cornelia, Barreiro-Hurlé Jesús, Bougherara Douadia, Cembalo Luigi, Cerjak Marija, Čop Tajana, Czajkowski Mikołaj, Espinosa-Goded María, Höhler Julia, Kuhfuss Laure, Lagerkvist Carl-Johan, Lapierre Margaux, Lefebvre Marianne, Matzdorf Bettina, Ott Edward, Paparella Antonio, Quendler Erika, Rodriguez-Entrena Macario, SchulzeChristoph, ŠumradaTanja, Tensi Annika, Thoyer Sophie, Tomić Maksan Marina, Vecchio Riccardo, Willinger Marc, Zagórska Katarzyna
We replicate Bocquého et al. (2014), who used multiple price lists to investigate risk preferences of 107 French farmers. We collect new data from 1,430 participants in eleven European farming systems. In agreement with the original study, far…

WP400. Farmers' risk preferences in eleven European farming systems: A multi-country replication of Bocquého et al. (2014)

We replicate Bocquého et al. (2014), who used multiple price lists to investigate risk preferences of 107 French farmers. We collect new data from 1,430 participants in eleven European farming systems. In agreement with the original study, farmers’ risk preferences are best described by Cumulative Prospect Theory. Structural model estimates show that farmers in the new samples are, on average, less loss averse and more susceptible to probability distortion than in the original study. Explorative analyses indicate differences between estimation approaches, as well as heterogeneity between and within samples. We discuss challenges in replications of economic experiments with farmers across farming contexts.


Rommel Jens, Sagebiel Julian, Baaken Marieke Cornelia, Barreiro-Hurlé Jesús, Bougherara Douadia, Cembalo Luigi, Cerjak Marija, Čop Tajana, Czajkowski Mikołaj, Espinosa-Goded María, Höhler Julia, Kuhfuss Laure, Lagerkvist Carl-Johan, Lapierre Margaux, Lefebvre Marianne, Matzdorf Bettina, Ott Edward, Paparella Antonio, Quendler Erika, Rodriguez-Entrena Macario, SchulzeChristoph, ŠumradaTanja, Tensi Annika, Thoyer Sophie, Tomić Maksan Marina, Vecchio Riccardo, Willinger Marc, Zagórska Katarzyna
Risk Attitudes Agriculture Cumulative Prospect Theory Expected Utility Theory Artefactual Field Experiment
  • 1