Table 5 Logit estimates of the determinants of risk attitude.
From: Risk attitude and risk perceptions of climate change among Indian cotton farmers
Variables | Risk attitude | |
|---|---|---|
Coefficients | Marginal effects | |
Gender | − 1.268** (0.594) | − 0.142** (0.065) |
Age | 0.032 (0.027) | 0.004 (0.003) |
Education | − 0.545*** (0.133) | − 0.061*** (0.014) |
Family size | 0.050 (0.107) | 0.006 (0.012) |
Membership in the organisation | − 1.082*** (0.353) | − 0.121*** (0.038) |
Share of farm income | 0.437 (0.753) | 0.059 (0.084) |
Share of non-farm income | − 0.296 (0.320) | − 0.033 (0.036) |
Farm size | 0.019 (0.052) | 0.002 (0.006) |
Source of irrigation | − 0.647** (0.330) | − 0.073** (0.037) |
Farming experience | 0.047** (0.021) | 0.005** (0.002) |
Livestock | 0.218 (0.335) | 0.024 (0.037) |
Access to credit | − 1.077*** (0.373) | − 0.121*** (0.042) |
Exposure to mass media | 0.028 (0.097) | 0.003 (0.011) |
Contact with extension personnel | − 0.143* (0.073) | − 0.016* (0.009) |
Total yield loss | 0.040*** (0.013) | 0.004*** (0.001) |
Log likelihood | − 125.11 | |
LR Chi2 (15) | 144.51 | |
Prob > Chi2 | 0.000 | |
Pseudo R2 | 0.37 | |
Number of observations | 350 | |
