Marius Michels|Jonas Adrian Rieling|Oliver Mußhoff
Risk attitude, innovativeness and financial literacy—A cross-occupational comparison of German farmers and foresters
University of Göttingen|University of Göttingen|University of Göttingen
abstract factors risk attitude innovativeness financial literacy crucial agricultural forest economics especially amidst weather market risks hence understanding central fostering resilient primary sector surveyed 371 german farmers 215 foresters 2022 online groups financial literate reported neutral generalized risk attitude leaned toward risk aversion professional context open innovation showed statistically significant differences contextualized generalized risk attitude unlike foresters farmers displayed statistically significant differences selfreported general contextualized innovativeness among things results highlight value contextspecific methods primary sector research study showcases commitment open science using synthetic dataset make analysis transparent allowing replication ensuring participant privacy differential privacy framework