@article{Alpizar:92708,
      recid = {92708},
      author = {Alpizar, Francisco and Carlsson, Fredrik and Naranjo,  Maria},
      title = {The Effect of Risk, Ambiguity and Coordination on Farmers’  Adaptation to Climate Change: A Framed Field Experiment},
      address = {2010-07},
      number = {838-2016-55677},
      series = {SD},
      pages = {27},
      year = {2010},
      abstract = {The risk of losses of income and productive means due to  adverse weather associated to climate change can  significantly differ between farmers sharing a productive  landscape. It is important to learn more about how farmers  react to different levels of risk, under measurable and  unmeasurable uncertainty. Moreover, the costs associated to  investments in reduced vulnerability to climatic events are  likely to exhibit economies of scope. We explore these  issues using a framed field experiment that captures  realistically the main characteristics of production, and  the likely weather related losses of premium coffee farmers  in Tarrazu, Costa Rica. Given that the region recently was  severely hit by an extreme, albeit very infrequent,  climatic event, we expected to observe, and found high  levels of risk aversion, but we do observe farmers making  trade-offs under different risk levels. Although hard to  disentangle at first sight given the high level of risk  aversion, we find that farmers opt more frequently for safe  options in a setting characterized by unknown risk.  Finally, we find that farmers to a large extent are able to  coordinate their decisions in order to achieve a lower cost  of adaptation, and that communication among farmers  strongly facilitates coordination.},
      url = {http://ageconsearch.umn.edu/record/92708},
      doi = {https://doi.org/10.22004/ag.econ.92708},
}