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 |
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