Not all risks are equal

CE Milne, J Liu, A Butler

    Research output: Contribution to journalArticlepeer-review

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    Abstract

    Analysis of a survey of Scottish farmers (162) confirmed that they do not perceive all types of risk to be equal. Choices with potential negative ethical or health & safety consequences were perceived to be riskier than those that might have negative financial and social outcomes. A negative relationship was found between perceived riskiness and stated likelihood of taking a risky course of action with one exception - where a health & safety harm might arise. The findings could assist the development of behavioural models with greater predictive powers. In addition, the study suggests that risk awareness is not the most limiting factor for improving health & safety in the Scottish farming industry.
    Original languageEnglish
    Pages (from-to)1-9
    JournalInternational Journal of Agricultural Management
    Volume7
    Issue number1
    Early online date1 Jun 2018
    DOIs
    Publication statusFirst published - 1 Jun 2018

    Bibliographical note

    1031419

    Keywords

    • Choice
    • Decision
    • Ordinal mixed-effects model
    • Risk perceptions
    • Risk preferences

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