Measuring Farmer Risk Preferences in Europe: A Systematic Review

Poorvi Iyer, Martina Bozzola, Stefan Hirsch, Manuela Meraner, Robert Finger

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47 Citations (Scopus)
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We present a systematic review of the extensive body of research on farmer risk preference measurement across Europe. We capture the methodological developments over time and discuss remaining challenges and potential areas for further research. Given the constantly evolving policy environment in Europe, and increasing climate-change related risks and uncertainties, there is large value to be gained from enhancing our understanding of this fundamental aspect of farmers’ decision making processes and consequent actions.
Original languageEnglish
Pages (from-to)3-26
JournalJournal of Agricultural Economics
Issue number1
Early online date21 Mar 2019
Publication statusPublished - 01 Feb 2020


  • Risk preferences
  • Expected Utility
  • Prospect theory
  • Methodology
  • Agriculture


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