Variables

Risk preferences of maize farmers

Coefficient values

t-value

P-value

Household size

0.033

0.194

0.846

No schooling

−1.022

−0.965

0.334

Primary education

−0.503

−0.481

0.631

Ordinary secondary education

−0.008

−0.007

0.994

College and university education

0.219

0.201

0.841

Number of children 10 - 14 years

−0.028

−0.151

0.879

Number of children below 10 years

0.012

0.072

0.942

Number of adults

−0.026

−0.138

0.891

Age

−0.008

−2.182

0.029*

Gender: Male

−0.276

−1.794

0.073

Northern highlands

−0.008

−0.084

0.933

Risk averse: risk loving

−1.354

−1.232

0.218

Risk loving: risk neutral

−0.379

−0.346

0.729

Reference group

Cragg – Uhler R2

Risk averse

0.069