Work

An Empirical Analysis of the Intertemporal Stability of Risk Preference

Year: 1983

Type: article

Abstract: The interval measurement approach was used to obtain risk preference measures for 23 Michigan farmers in 1979 and again in 1981. This paper analyzes how risk preferences of the individuals in this group of decisionmakers changed over a two year time period. Risk preferences were most stable near typically experienced personal income levels.

Source: Journal of Agricultural and Applied Economics

DOI: 10.1017/s0081305200016654

Authors: Ross O. Love, Lindon J. Robison

Institutions: Oklahoma State University, Michigan State University

Language: English

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W1578777052

FWCI: 1.46

Cites: 18

Cited by: 34

Related to: 10