Nudge to insure: Can informational nudges change enrollment decisions in pasture, rangeland, and forage rainfall index insurance?

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Author(s)Davidson, Kelly A.
Author(s)Goodrich, Brittney K.
Date Accessioned2022-02-09T21:11:07Z
Date Available2022-02-09T21:11:07Z
Publication Date2021-11-25
DescriptionThis is a pre-copyedited, author-produced version of an article accepted for publication in Applied Economic Perspectives and Policy following peer review. The version of record Davidson, Kelly A., and Goodrich, Brittney K.. 2021. “ Nudge to insure: Can informational nudges change enrollment decisions in pasture, rangeland, and forage rainfall index insurance?.”Applied Economic Perspectives and Policy 1– 21. https://doi.org/10.1002/aepp.13215 is available online at: https://doi.org/10.1002/aepp.13215.en_US
AbstractThrough a framed field experiment with livestock farmers in the Northeast and Southeast United States, this research explores whether an informational nudge changes producers' selection of two-month intervals and/or increases the likelihood of enrollment in pasture, rangeland, and forage (PRF) insurance. We find no evidence that a nudge influences interval choices; however, producers are more likely to enroll when PRF is framed as a risk management decision regarding forage loss. Risk aversion, familiarity with other United States Department of Agriculture livestock programs, and higher risk exposure increase the likelihood of enrollment. Past PRF and crop insurance participation decrease the amount insured during growing-season months.en_US
SponsorSouthern Extension Risk Management Education Center, Grant/Award Number: #14133; Northeast Extension Risk Management Education Center, Grant/Award Number: #14163en_US
CitationDavidson, Kelly A., and Goodrich, Brittney K.. 2021. “ Nudge to insure: Can informational nudges change enrollment decisions in pasture, rangeland, and forage rainfall index insurance?.”Applied Economic Perspectives and Policy 1– 21. https://doi.org/10.1002/aepp.13215en_US
ISSN2040-5804
URLhttps://udspace.udel.edu/handle/19716/30282
Languageen_USen_US
PublisherApplied Economic Perspectives and Policyen_US
Keywordsexperimental economicsen_US
Keywordsnudgeen_US
Keywordspastureen_US
Keywordsrangelanden_US
Keywordsand forage insuranceen_US
Keywordsrisk managementen_US
TitleNudge to insure: Can informational nudges change enrollment decisions in pasture, rangeland, and forage rainfall index insurance?en_US
TypeArticleen_US
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