Some Estimates of Farmers' Utility Functions

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.

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Year of publication:	1982
Authors:	Hildreth, Clifford ; Knowles, Glenn J.
Institutions:	Minnesota Agricultural Experiment Station, College of Agricultural, Food, and Environmental Sciences
Subject:	utility \| Bayesian \| farmers \| uncertainty \| risk aversion \| decision theory \| cattle \| Risk and Uncertainty

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Extent:	application/pdf
Series:	Technical Bulletins.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Agricultural Experiment Station>Technical Bulletins Number 54545
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008496475