Data/hora: 16/06/2024 10:18:09

Provedor de dados: | Research in Agricultural & Applied Economics (AgEcon Searh)
País: | United States
Título: | AN EMPIRICAL TEST OF THE INTERVAL APPROACH FOR ESTIMATING RISK PREFERENCES
Autores: | Wilson,   Paul N.; Eidman,   Vernon R.
Data: | 2003-12-30
Ano: | 1983
Palavras-chave: | Risk and Uncertainty.
Resumo: | Previous attempts to measure agricultural decision makers' risk preferences have obtained values of the Arrow-Pratt coefficient in the range of approximately -.0002 to .0012.  The recently developed interval approach for elicitation of risk preferences was used to estimate risk attitudes for Minnesota swine producers.  Constant and decreasing absolute risk aversion were predominant among the sample.  Seventy-eight percent of the respondents were in the Arrow-Pratt interval of  -.0002 to .0003.  A discriminant analysis using producer attributes and three estimated risk intervals concluded that 50 percent of the respondents could be classified in the correct risk interval.
Tipo: | Journal Article
Idioma: | Inglês

Identificador:

12025

http://purl.umn.edu/32100

Editor: | AgEcon Search
Relação: | Western Journal of Agricultural Economics&gt;Volume 08, Number 02, December 1983

Formato:

13

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