TY  - JOUR
A1  - Dannenberg, Astrid
A1  - Diekert, Florian
A1  - Händel, Philipp
T1  - The effects of social information and luck on risk behavior of small-scale fishers at Lake Victoria
T2  - Journal of Economic Psychology
N2  - We use a lab-in-the-field experiment to examine how personal experience of good or bad luck and information about the behavior of others influence the risk taking behavior of small-scale fishers in Tanzania. These fishers make many risky decisions in their daily lives, and a better understanding of the factors influencing risky decisions is important from both a policy and scientific perspective. Our results show a slight tendency for fishers to take more risk in a lottery if they have been unlucky in another game shortly before. Risk taking is enhanced by social information when fishers learn that others have taken more risk. This is true although risks are independent and the fishers do not know whether the risk taking of others has ultimately paid off.
KW  - Economics and Econometrics
KW  - Applied Psychology
KW  - Sociology and Political Science
Y1  - 2022
UR  - https://opus.bibliothek.uni-augsburg.de/opus4/frontdoor/index/index/docId/103927
UR  - https://nbn-resolving.org/urn:nbn:de:bvb:384-opus4-1039277
SN  - 0167-4870
VL  - 90
SP  - 102493
PB  - Elsevier BV
ER  -