Work

Some Estimates of Farmers' Utility Functions

Year: 1982

Type: preprint

Abstract: Utility functions for 13 Minnesota farmers are estimated from their responses to hypothetical decision problems under uncertainty. The results furnish strong evidence of risk aversion and of decreasing absolute risk aversion as wealth increases.

Source: RePEc: Research Papers in Economics

DOI: 10.22004/ag.econ.54545

Authors: Hildreth, Clifford, Knowles, Glenn J.

Language: English

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

SDG: Zero hunger

Open Access status: green

OpenAlex ID: W1533250202

Cites:

Cited by: 30

Related to: 10