김태훈
2018-11-15T08:55:22Z
2018-11-15T08:55:22Z
2008-05
JRD31-2-04
http://repository.krei.re.kr/handle/2018.oak/18843
This study estimates farmers' risk attitudes in Missouri using a non-structural approach over time. The non-structural approach proposed by Antle (1989) allows for multiple outputs and various types of risk faced by farmers and doesn't require specific functional forms for utility or production. This approach can also provide farmers' risk attitudes over time. The results show that farmers' risk attitudes are risk loving and change over time, while farmers' risk attitude is generally assumed to be risk averse and very stable over time. Since this approach has the different definition of risk attitude, the results of this study may be a bit different from previous studies.
This study estimates farmers' risk attitudes in Missouri using a non-structural approach over time. The non-structural approach proposed by Antle (1989) allows for multiple outputs and various types of risk faced by farmers and doesn't require specific functional forms for utility or production. This approach can also provide farmers' risk attitudes over time. The results show that farmers' risk attitudes are risk loving and change over time, while farmers' risk attitude is generally assumed to be risk averse and very stable over time. Since this approach has the different definition of risk attitude, the results of this study may be a bit different from previous studies.
1. Introduction2. Methodologies to measure risk attitudes3. Models and data4. Estimation and Results5. Conclusion
1. Introduction2. Methodologies to measure risk attitudes3. Models and data4. Estimation and Results5. Conclusion
한국농촌경제연구원
THE MEASUREMENT OF FARMERS' RISK ATTITUDES USING A NON-STRUCTURAL APPROACH
THE MEASUREMENT OF FARMERS' RISK ATTITUDES USING A NON-STRUCTURAL APPROACH
KREI 논문
80
63
Kim, Taehun
page. 63 - 80
risk attitude
risk preference
nonstructural approach
structural approach
risk attitude
risk preference
nonstructural approach
structural approach