ELICITING RISK AND TIME PREFERENCES IN AGRICULTURE: MODERN EXPERIMENTAL APPROACHES

Authors

  • Tadjiyev, A.A. independent researcher at Samarkand agroinnovations and research university PhD, Dr., Research Associate at Leibniz Institute of Agricultural Development in Transition Economies (IAMO), Halle (Saale), Germany https://orcid.org/0000-0002-6429-2124

Keywords:

behavioral economics, risk, patience, lottery choice, self-assessment, economic decision-making

Abstract

This article analyzes the main methods used in behavioral economics to determine individuals’ risk and time preferences. In particular, it examines the self-assessment method, experimental approaches based on lottery choice, and the intertemporal choice method. The study emphasizes that measuring risk and patience is important for explaining economic decisions, especially in agriculture, investment, savings, and consumer behavior. It is also noted that methods based on real incentives provide more reliable results compared to hypothetical questions.

Published

2026-06-18

How to Cite

Tadjiyev, A. A. (2026). ELICITING RISK AND TIME PREFERENCES IN AGRICULTURE: MODERN EXPERIMENTAL APPROACHES. THE INNOVATION ECONOMY, 2(02). Retrieved from https://ojs.qmii.uz/index.php/ej/article/view/1315

Issue

Vol. 2 No. 02 (2026): The innovation economy

Section

MINTAQA VA TARMOQLAR IQTISODIYOTI