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Projection bias in the uptake of agricultural technologies

Health & Psychology India

Credit: Simply CVR

The takeup of agricultural technologies involves an intertemporal tradeoff, where costs are incurred immediately for future benefit. It also requires agents to forecast future states, and imagine their economic state in future periods. We argue that agents are likely to change their predictions of their future state depending on their current state, a phenomenon termed projection bias. We intend to explore this idea, and it’s underlying drivers.

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