2013
DOI: 10.1111/faf.12064
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Risk sensitivity and the behaviour of fishing vessels

Abstract: Risk sensitivity is an important component of fisher behaviour, yet its impact on fisher decision‐making and utility is poorly understood. Here, we incorporate various forms of risk in a model of location choice by fishing vessels targeting broadbill swordfish, Xiphias gladius, and evaluate the importance of risk sensitivity for predicting location, perceived utility and profit over a fishing season. We consider short‐term, or trip‐level, risk as natural, social or endogenous. Longer‐term, or seasonal, risk in… Show more

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Cited by 16 publications
(11 citation statements)
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References 33 publications
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“…Social identity (29), risk aversion (30), and other factors may have contributed to delaying fishers' responses to changing stock levels (31,32). Time spent fishing was therefore treated as a "stock" in the system dynamics sense (33): that is, a quantity that only gradually responds to changes in input.…”
Section: Modelmentioning
confidence: 99%
“…Social identity (29), risk aversion (30), and other factors may have contributed to delaying fishers' responses to changing stock levels (31,32). Time spent fishing was therefore treated as a "stock" in the system dynamics sense (33): that is, a quantity that only gradually responds to changes in input.…”
Section: Modelmentioning
confidence: 99%
“…2) representing the fishers' perception of the state of the fishery. We assume that this perception lags behind the actual state of the fishery, for example due to social identity (Sønvisen, 2014) or risk aversion (Dowling, Wilcox, & Mangel, 2015).…”
Section: Conceptual Modelmentioning
confidence: 99%
“…While studies have predicted shifts in tuna distributions (Lehodey et al 2010, Dueri et al 2014, Lehodey et al 2015, including poleward shifts for temperate species (Hobday 2010, Dell et al 2015, the distribution of fishing effort is ultimately determined by the fishers. Their response will likely depend on multiple factors, including access to traditional fishing areas (Girardin et al 2017), the movement of target species (Michael et al 2015), fishing strategy (Michael et al 2017), and perceived risk (Dowling et al 2015). Although bycatch of albatross was estimated to be relatively low in the legal superfleets, shifts in the distribution and timing of effort, as well as in the distribution of the birds, could result in different bycatch patterns in the future.…”
Section: Improving Model Fitmentioning
confidence: 99%