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Filtering by: Creator Morgenstern, U. Remove constraint Creator: Morgenstern, U. Academic Affiliation Agriculture and Resource Economics Remove constraint Academic Affiliation: Agriculture and Resource Economics Subject Risk-taking (Psychology) -- Testing Remove constraint Subject: Risk-taking (Psychology) -- Testing

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  • An investigation of the measurement of individual risk attitudes

    Creator:
    Winter, John R.
    Abstract:
    Two direct elicitation of utility (D.E.U.) techniques were used to estimate risk attitudes of a group of agricultural producers. The two elicitation techniques used in the study were 1) an error-in-response model using a modified Ramsey method, and 2) stochastic dominance with respect to a function (SDF). The primary objective...
    Resource Type:
    Dissertation
    Full Text:
    well as U(X). Von Neumann and Morgenstern revived the concept of "cardinal utility" with the

  • Farmers' risk attitudes in the eastern high plateau region of Algeria : an application of the experimental approach

    Creator:
    Belaid, Abderrezak
    Abstract:
    Farmers in the high plateau region of Algeria are assumed to exhibit risk averse behavior, particularly, due to highly variable weather conditions inducing income instability over time. This in turn directly affects their production behavior. The Eastern High Plateau (Setif) is not a homogeneous region. In the El-Eulma daira, for...
    Resource Type:
    Dissertation
    Full Text:
    methods of utility elicitation, e.g., von Neumann-Morgenstern technique and Ramsey technique, since