Overconfidence, trust, and information-seeking among smallholder farmers: Experimental evidence from Ethiopia
By: Mesfin,Hiwot et al
.
Material type: 
BookPublisher: Economic Development and Cultural Change Description: 72(1), Oct, 2023: p.79-122.
In:
Economic Development and Cultural ChangeSummary: We investigate the role of overconfidence and trust in farmers’ information-seeking behavior using a lab-in-the-field experiment in Ethiopia. Our results show that overconfidence is widespread among farmers in our sample, predicts less information-seeking, and is associated with an efficiency loss. Moreover, we find that farmers tend to seek more information from extension agents than from peer farmers and that information-seeking increases when the source is perceived as more knowledgeable. When aiming to increase the adoption of productivity-enhancing practices, farmers’ overconfidence in their own information set and their trust in the quality of information shared should not be overlooked.- Reproduced
https://www.journals.uchicago.edu/doi/10.1086/719464
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
Articles
|
Indian Institute of Public Administration | 72(1), Oct, 2023: p.79-122 | Available | AR131060 |
We investigate the role of overconfidence and trust in farmers’ information-seeking behavior using a lab-in-the-field experiment in Ethiopia. Our results show that overconfidence is widespread among farmers in our sample, predicts less information-seeking, and is associated with an efficiency loss. Moreover, we find that farmers tend to seek more information from extension agents than from peer farmers and that information-seeking increases when the source is perceived as more knowledgeable. When aiming to increase the adoption of productivity-enhancing practices, farmers’ overconfidence in their own information set and their trust in the quality of information shared should not be overlooked.- Reproduced
https://www.journals.uchicago.edu/doi/10.1086/719464
There are no comments for this item.