How Fishermen Make Eeconomic Decisions?

Name: How Fishermen Make Eeconomic Decisions?
Brand: VDM Verlag Dr. Müller
SKU: 9783639121711
Price: 304.54 RON
Availability: InStock

Insights from Behavioral and Experimental Economics

Autor: Quang Nguyen

Limbă:

Legare: Carte broșată

Editura: VDM Verlag Dr. Müller

Disponibilitate: La editor doar la comandă

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304.54 lei

This book provides readers with additional insights §into the economic behaviors of fishermen. In §p...

Informații despre carte

Autor

Quang Nguyen

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

2009

Pagini

132

EAN

9783639121711

Enbook ID

06820981

Editura

VDM Verlag Dr. Müller

Greutate

192

Dimensiuni

150 x 220 x 7

Descriere completă

This book provides readers with additional insights §into the economic behaviors of fishermen. In §particular, we look at how a fishing vessel s §captain or owner makes two of the most important §decisions in the fishing business. One decision §relates to the choice of remuneration practice; the §other is concerned with the fishing trip length. The §underlying factor of these decision-making processes §is the risk behavior of the vessel s captain or §owner. The role of risk preferences in the decision-§making process is especially emphasized in the §context of such a risky profession as fishery. Given §that, we also explore the question whether fishermen §have different risk patterns from workers in other §occupations. Most previous studies addressed this §question from the expected utility theory §perspective and assumed that fishermen like other §workers are risk-averse. We address this question by §applying prospect theory and experimental economics §methodology to directly estimate the parameters used §as proxy for risk behavior as well as to explore how §these parameters are determined by socioeconomic and §cultural factors.

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How Fishermen Make Eeconomic Decisions?

Insights from Behavioral and Experimental Economics

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Descriere completă

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