Social networking and risk attitudes nexus: implication for technology adoption among smallholder cassava farmers in Ghana

Table 4 Semiparametric recursive bivariate PROBIT model results: explore effect of social interaction on risk attitude, and risk attitudes on RTIMP adoption decision

A. Risk aversion equation
Variable	Variable notation	Parameter estimate	Standard error	p value
Constant	\({\theta }_{10}\)	1.617000***	0.493000	0.00
Age	\({X}_{1}\)	0.386000 *	0.185000	0.04
Sex	\({X}_{2}\)	− 0.013300	0.010500	0.20
Household size	\({X}_{3}\)	0.063600	0.039800	0.11
Education	\({X}_{4}\)	− 0.014200	0.017000	0.42
Years of farming experience	\({X}_{5}\)	− 0.004150	0.026100	0.87
Frequency of access to extension services	\({X}_{6}\)	− 0.159000***	0.043900	0.00
Access to microcredit	\({X}_{7}\)	− 0.598000**	0.262000	0.02
Revenue from sales of output	\({X}_{8}\)	− 0.000119***	0.000027	0.00

Smooth term variables		Edf	Chi-sq	P value
Frequency of social interaction	\({S}_{1}\)	1.00000	1.52000	0.22
Usefulness of social interaction	\({S}_{2}\)	2.41000**	7.90000	0.05
Effectiveness of social interaction	\({S}_{3}\)	1.00000*	2.85000	0.09
Degree of trust	\({S}_{4}\)	5.07000***	17.89400	0.01

B. RTIMP adoption equation
Constant		− 2.040000***	0.665000	0.00
Risk aversion	\({Ys}_{1}\)	1.150000***	0.435000	0.00
Ease of use	\({Z}_{1}\)	0.024300	0.064600	0.71
High yielding	\({Z}_{2}\)	− 0.093600	0.075400	0.21
Relative advantage	\({Z}_{3}\)	0.014900	0.039900	0.71
Compatibility	\({Z}_{4}\)	0.135000**	0.066880	0.04
Age	\({X}_{1}\)	− 0.285000*	0.153000	0.06
Sex	\({X}_{2}\)	0.010400	0.008900	0.24
Household size	\({X}_{3}\)	− 0.020420	0.036400	0.51
Education	\({X}_{4}\)	0.027600*	0.015100	0.07
Years of farming experience	\({X}_{5}\)	0.035500	0.024500	0.15
Frequency of access to extension services	\({X}_{6}\)	0.047500	0.044500	0.29
Access to microcredit	\({X}_{7}\)	0.584000***	0.211000	0.00
Revenue from sales of output	\({X}_{8}\)	0.000075***	0.000022	0.00
	Model summary
	n	450
	LogLik	− 395.69
	Rho (\(\rho \))	0.20
	ATE of risk aversion	− 0.38 (37.9%)	CI (− 0.55 − 0.09)

Significance: “*”@ 0.1 alpha level,“**”@ 0.05 and “***”@ 0.01alpha level, respectively

ISSN: 2048-7010