Work

Risk Preferences of Agricultural Producers: Their Use in Extension and Research

Year: 1979

Type: article

Abstract: The specific objectives of this paper are: (1) to review and critically evaluate the current state of knowledge on risk preference measurement methods and empirical results for individual agricultural producers and (2) to suggest directions for future research and extension applications requiring information on risk preferences of individual producers. The Implications of aggregate (industry) risk preferences as in risk supply response studies will not be included in this review.

Source: American Journal of Agricultural Economics

DOI: 10.2307/3180376

Author: Douglas L. Young

Institution: Washington State University

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: W2073062789

FWCI: 1.216

Cites: 25

Cited by: 104

Related to: 10