Experiential learning, narrative‐based learning, and insurance adoption: Experimental evidence from Kenya
We compare the impact of two extension modalities on knowledge accumulation and willingness to pay for a weather index insurance product among smallholder farmers in Kenya. One approach to extension is based on experiential learning and involves participation in an incentivized framed experiment (or...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Language: | Inglés |
| Published: |
Wiley
2025
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| Online Access: | https://hdl.handle.net/10568/173667 |
| _version_ | 1855531230841274368 |
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| author | Osiemo, Jamleck Cecchi, Francesco Bulte, Erwin Mwongera, Caroline |
| author_browse | Bulte, Erwin Cecchi, Francesco Mwongera, Caroline Osiemo, Jamleck |
| author_facet | Osiemo, Jamleck Cecchi, Francesco Bulte, Erwin Mwongera, Caroline |
| author_sort | Osiemo, Jamleck |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | We compare the impact of two extension modalities on knowledge accumulation and willingness to pay for a weather index insurance product among smallholder farmers in Kenya. One approach to extension is based on experiential learning and involves participation in an incentivized framed experiment (or game). The other is based on conventional “narrative-based” learning. While both modalities increase farmer knowledge, incentivized gamification causes more learning. We also find that experiential learning affects follow-up demand for the insurance product, which is not true for narrative-based learning. Interestingly, demand for insurance shifts inward after playing the insurance game. This reduction in demand is mainly caused by increased knowledge about the insurance product, but we also present suggestive evidence that experiencing basis risk during the game was more salient than theory-based learning about basis risk. Game-based learning is an effective approach to promote knowledge accumulation and may accentuate or attenuate adoption of innovations by updating ex-ante, possibly biased, expectations. |
| format | Journal Article |
| id | CGSpace173667 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| publisher | Wiley |
| publisherStr | Wiley |
| record_format | dspace |
| spelling | CGSpace1736672025-11-11T18:54:59Z Experiential learning, narrative‐based learning, and insurance adoption: Experimental evidence from Kenya Osiemo, Jamleck Cecchi, Francesco Bulte, Erwin Mwongera, Caroline evaluation learning insurance information extension experiential learning We compare the impact of two extension modalities on knowledge accumulation and willingness to pay for a weather index insurance product among smallholder farmers in Kenya. One approach to extension is based on experiential learning and involves participation in an incentivized framed experiment (or game). The other is based on conventional “narrative-based” learning. While both modalities increase farmer knowledge, incentivized gamification causes more learning. We also find that experiential learning affects follow-up demand for the insurance product, which is not true for narrative-based learning. Interestingly, demand for insurance shifts inward after playing the insurance game. This reduction in demand is mainly caused by increased knowledge about the insurance product, but we also present suggestive evidence that experiencing basis risk during the game was more salient than theory-based learning about basis risk. Game-based learning is an effective approach to promote knowledge accumulation and may accentuate or attenuate adoption of innovations by updating ex-ante, possibly biased, expectations. 2025-02-04 2025-03-18T06:19:19Z 2025-03-18T06:19:19Z Journal Article https://hdl.handle.net/10568/173667 en Open Access application/pdf Wiley Osiemo, J.; Cecchi, F.; Bulte, E.; Mwongera, C. (2025) Experiential learning, narrative‐based learning, and insurance adoption: Experimental evidence from Kenya. American Journal of Agricultural Economics 107(2): p. 347-721. ISSN: 0002-9092 |
| spellingShingle | evaluation learning insurance information extension experiential learning Osiemo, Jamleck Cecchi, Francesco Bulte, Erwin Mwongera, Caroline Experiential learning, narrative‐based learning, and insurance adoption: Experimental evidence from Kenya |
| title | Experiential learning, narrative‐based learning, and insurance adoption: Experimental evidence from Kenya |
| title_full | Experiential learning, narrative‐based learning, and insurance adoption: Experimental evidence from Kenya |
| title_fullStr | Experiential learning, narrative‐based learning, and insurance adoption: Experimental evidence from Kenya |
| title_full_unstemmed | Experiential learning, narrative‐based learning, and insurance adoption: Experimental evidence from Kenya |
| title_short | Experiential learning, narrative‐based learning, and insurance adoption: Experimental evidence from Kenya |
| title_sort | experiential learning narrative based learning and insurance adoption experimental evidence from kenya |
| topic | evaluation learning insurance information extension experiential learning |
| url | https://hdl.handle.net/10568/173667 |
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