The effects of prior beliefs and learning on consumers’ acceptance of genetically modified foods

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dc.contributor.author Huffman, Wallace
dc.contributor.author Rousu, Matthew
dc.contributor.author Huffman, Wallace
dc.contributor.author Shogren, Jason
dc.contributor.author Tegene, Abebayehu
dc.contributor.department Economics
dc.date 2018-02-18T01:50:49.000
dc.date.accessioned 2020-06-30T02:06:32Z
dc.date.available 2020-06-30T02:06:32Z
dc.date.issued 2007-05-01
dc.description.abstract <p>New food products using genetically modified crops appeared in U.S. supermarkets starting in 1996, and consumers’ perceived some risks. This paper examines the role of consumers prior beliefs about genetic modification and of diverse, new information on their willingness to pay for foods that might be genetically modified. We use data from economics experiments and show that participants who had informed prior beliefs discounted GM-labeled food products more highly than those who had uninformed prior beliefs. Uninformed participants were especially susceptible to information from interested and third parties. In contrast, informed participants were generally not affected significantly by new information.</p>
dc.description.comments <p>This article is from <em>Journal of Economic Behavior & Organization </em>63 (2007): 193, doi: <a href="http://dx.doi.org/10.1016/j.jebo.2005.04.019" id="x-ddDoi">10.1016/j.jebo.2005.04.019</a>.</p>
dc.format.mimetype application/pdf
dc.identifier archive/lib.dr.iastate.edu/econ_las_pubs/361/
dc.identifier.articleid 1359
dc.identifier.contextkey 9422613
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath econ_las_pubs/361
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/21568
dc.language.iso en
dc.source.bitstream archive/lib.dr.iastate.edu/econ_las_pubs/361/2007_Huffman_EffectsPrior.pdf|||Fri Jan 14 23:47:28 UTC 2022
dc.source.uri 10.1016/j.jebo.2005.04.019
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Behavioral Economics
dc.subject.disciplines International Economics
dc.subject.keywords Laboratory experiments
dc.subject.keywords nth-Price auction
dc.subject.keywords Food labels
dc.subject.keywords Diverse information
dc.subject.keywords Learning
dc.subject.keywords Prior beliefs
dc.subject.keywords Consumers
dc.subject.keywords Willingness to pay
dc.title The effects of prior beliefs and learning on consumers’ acceptance of genetically modified foods
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isAuthorOfPublication d9eff576-b4ca-4da5-942d-c21c96bcb303
relation.isOrgUnitOfPublication 4c5aa914-a84a-4951-ab5f-3f60f4b65b3d
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