| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
ASSESSING FARMERS' ATTITUDES TOWARD RISK USING THE "CLOSING-IN" METHOD
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| Autores: |
Bard, Sharon K.
Barry, Peter J.
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| Data: |
2004-01-06
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| Ano: |
2001
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| Palavras-chave: |
Risk and Uncertainty
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| Resumo: |
The 1996 Farm Bill and low commodity prices have regenerated interest in the impact of risk and farmers' risk attitudes on production agriculture. Previous research has used expected utility theory (EUT) and direct elicitation of utility functions (DEU) for eliciting risk attitudes. To overcome the criticism of EUT and DEU, a recently developed technique called the "closing in" method is adapted for eliciting farmers' risk attitudes. This method is applied to Illinois farmers by using a computerized decision procedure, and is validated by comparing the results to the farmers' self-assessment of their risk attitudes and score to a risk attitudinal scale.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
12245
http://purl.umn.edu/31153
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| Editor: |
AgEcon Search
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| Relação: |
Journal of Agricultural and Resource Economics>Volume 26, Number 01, July 2001
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| Formato: |
13
application/pdf
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