Application of Discrete Choice Experiment in Agricultural Risk Management: A Review

The study of human behaviour has been cementing its place within economics for decades. complexity decisions in family farming, challenging agricultural markets, and climate change have drawn attention to behaviour, namely risk perceptions the decision-making process, with a focus on economics. This paper reviews current knowledge management agriculture from behavioral perspective, perspective experimental particular, emphasizing discrete choice experiment approach. A (DCE) elicits stated preferences through hypothetical choices extensively applied research farmers’ willingness apply different strategies. objective this was determine frequency at which papers are published their use experiments general emphasizes using bibliometric analysis. PRISMA framework used systematic literature review publications that DCE. main steps achieve aforementioned goals define how many primary versus theoretical area management, part it covers, attributes were each study. authors reviewed 20 based following keyword criteria: experiment, agriculture, period 2001–2021, Web Science database. results show an increase DCE over past years. comprehensive concluded primarily focused, mainly consider on-farm strategies smaller-scale risk-transfer strategies, predominantly conducted among farmers. average number per publication is four five. Limitations directions future discussed paper.