AN EMPIRICAL ANALYSIS OF THE INTERTEMPORAL STABILITY OF RISK PREFERENCE

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 decision-makers changed over a two year time period. Risk preferences were most stable near typically experienced personal income levels.

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Year of publication:	1984
Authors:	Love, Ross O. ; Robison, Lindon J.
Published in:	Southern Journal of Agricultural Economics. - Southern Agricultural Economics Association - SAEA. - Vol. 16.1984, 01
Publisher:	Southern Agricultural Economics Association - SAEA
Subject:	Risk and Uncertainty

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005513360