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100 _aMesfin,Hiwot et al
_949984
245 _aOverconfidence, trust, and information-seeking among smallholder farmers: Experimental evidence from Ethiopia
260 _aEconomic Development and Cultural Change
300 _a72(1), Oct, 2023: p.79-122
520 _aWe 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
773 _aEconomic Development and Cultural Change
906 _aAGRICULTURE
942 _cAR