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| Title: | Some Estimates of Farmers' Utility Functions |
| Authors: | Hildreth, Clifford
Knowles, Glenn J. |
| Keywords: | utility
Bayesian
farmers
uncertainty
risk aversion
decision theory
cattle |
| Issue Date: | 1982 |
| Series/Report no.: | Technical Bulletin
335 |
| Abstract: | 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. |
| URI: | http://purl.umn.edu/54545 |
| Institution/Association: | University of Minnesota>Agricultural Experiment Station>Technical Bulletins |
| Total Pages: | 49 |
| Collections: | Technical Bulletins
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| Hildreth-Knowles1982.pdf | | 1812Kb | PDF | View/Open |
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