Risk Preference and Long-Run Performance of the Dairy Farm

Farm performance measures based upon 10 years of individual farm data are linearly regressed on risk preferences of 41 dairy farmers. Greater aversion to risk produces a lower average but more stable income, although the importance of risk preferences in determining long-run performance appears to be minor

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Year of publication:	1986-05
Authors:	Tauer, Loren W.
Institutions:	Charles H. Dyson School of Applied Economics and Management, Cornell University
Subject:	Farm Management \| Livestock Production/Industries \| Risk and Uncertainty

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Extent:	application/pdf
Series:	Staff Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Department of Applied Economics and Management>Staff Papers Number 186344
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010932559