Trade-offs in fishing strategy decisions and conservation implications for small-scale fisheries

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dc.contributor.authorWade, Eric
dc.contributor.authorBiedenweg, Kelly
dc.date.accessioned2024-08-30T15:20:11Z
dc.date.available2024-08-30T15:20:11Z
dc.date.issued2024-05-28
dc.description.abstractPeople are psychologically predisposed to minimize their losses, even in the face of substantial gains. This predisposition, referred to as ‘loss aversion’, is especially present when people face uncertain outcomes. In small-scale fisheries, where fishers’ decisions are influenced by monetary and non-monetary assets, exploring how loss aversion intersects with conservation efforts may offer insights into how fishers balance short-term and long-term priorities. This study assessed the variables that contribute to loss aversion of small-scale fishers when making trade-offs between two valued assets: information-sharing and catch success. We used a structured questionnaire and a hypothetical simple lottery choice task of 78 fishers across 20 fishing beaches in Jamaica. We found that fishers were marginally more loss averse when both information-sharing opportunities and catch success were threatened than when only catch success was threatened. Communication frequency and size of fishing crew contributed significantly to fishers’ loss aversion in most choice sets, regardless of whether materially or non-materially valued assets were threatened. By exploring the drivers underpinning fishers’ choices, we provide insights into how the consideration of these variables can support the development of fisheries conservation measures that better align with the decision priorities of fishers.
dc.description.sponsorshipECU/Cambridge publishing agreement
dc.identifier.citationWade E, Biedenweg K. Trade-offs in fishing strategy decisions and conservation implications for small-scale fisheries. Environmental Conservation. Published online 2024:1-9. doi:10.1017/S0376892924000134
dc.identifier.doi10.1017/S0376892924000134
dc.identifier.urihttp://hdl.handle.net/10342/13737
dc.publisherEnvironmental Conservation
dc.relation.urihttps://www.cambridge.org/core/journals/environmental-conservation/article/tradeoffs-in-fishing-strategy-decisions-and-conservation-implications-for-smallscale-fisheries/4A4CFBC9C5F3BB114FD0C29E6D8FC88C
dc.subjectJamaica
dc.subjectloss aversion
dc.subjectmonetary assets
dc.subjectnon-monetary assets
dc.subjectsmall-scale fisheries
dc.titleTrade-offs in fishing strategy decisions and conservation implications for small-scale fisheries
dc.typeArticle

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