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| Patrick, George F.; Blake, Brian F.; Whittaker, Suzanne H.. |
| Magnitude estimation, a technique developed by psychology for obtaining ratio scaled values, was used to derive risk-income preferences of ninety-one central Indiana farmers. Both variability-income and bankruptcy-income measures were developed and related to farmers' socio-economic attributes. Wealth and education had limited effects compared with off-farm employment, percent debt and expected levels of income, percent debt and net worth growth. Magnitude estimation provided reliable estimates of preferences. Farmers gave greater importance to the bankruptcy-income measure of risk-income preferences, but only a small portion of the variation of either measure could be explained. |
| Tipo: Journal Article |
Palavras-chave: Farm Management; Risk and Uncertainty. |
| Ano: 1981 |
URL: http://purl.umn.edu/32583 |
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