Small-scale raspberry producers’ risk and ambiguity preferences, and technology adoption: empirical evidence from rural Maule, Chile

Most researchers who analyze producers’ preferences under uncertainty report that producers are averse towards risk and ambiguity scenarios. This aversion has an influence on producers’ decision-making processes; hence the relevance of determining and analyzing these preferences as a key factor to design agricultural policies that help producers to cope with production uncertainty. In this study we elicit small-scale raspberry producers’ preferences through field experiments in rural Maule (Chile). In addition, we identify producers’ socioeconomic and farm characteristics that influence the...