000114787 001__ 114787
000114787 005__ 20170826045504.0
000114787 037__ $$a726-2016-49898
000114787 041__ $$aen
000114787 084__ $$aA10
000114787 084__ $$aB40
000114787 084__ $$aC1
000114787 084__ $$aD0
000114787 084__ $$aG0
000114787 084__ $$aL2
000114787 084__ $$aQ13
000114787 245__ $$aAccounting for Heterogeneity in Hedging Behavior: Comparing & Evaluating Grouping Methods
000114787 260__ $$c2011-08-02
000114787 269__ $$a2011-08-02
000114787 300__ $$a13
000114787 336__ $$aConference Paper/ Presentation
000114787 520__ $$aHeterogeneity, i.e., the notion that individuals respond differently to economic stimuli, can have profound consequences for the interpretation of behavior and the formulation of agricultural policy. This paper compares and evaluates three grouping techniques that can be used to account for heterogeneity in financial behavior. Two are well established: company-type grouping and cluster analysis. A third, the generalized mixture regression model, has recently been developed and is worth considering as market participants are grouped such that their response to the determinants of economic behavior is similar. We evaluate the grouping methods in a hedging framework by assessing their ability to reflect relationships consistent with theory. The empirical findings show that the economic relationships are more consistent with theory within the groups identified by the mixture model, and suggest that researchers interested in identifying segments of the population in which participants behave in a similar manner may consider using of mixture model in the presence of heterogeneity in financial behavior.
000114787 542__ $$fLicense granted by Karen  Anderson (ande9495@umn.edu) on 2011-09-08T16:11:24Z (GMT):

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000114787 650__ $$aRisk and Uncertainty
000114787 6531_ $$aeconomic behavior
000114787 6531_ $$aheterogeneity
000114787 6531_ $$ahedging
000114787 6531_ $$amethods
000114787 700__ $$aPennings, Joost M.E.
000114787 700__ $$aGarcia, Philip
000114787 700__ $$aIrwin, Scott H.
000114787 773__ $$o12$$q1
000114787 8564_ $$s181207$$uhttp://ageconsearch.umn.edu/record/114787/files/Pennings_Joost_76.pdf
000114787 887__ $$ahttp://purl.umn.edu/114787
000114787 909CO $$ooai:ageconsearch.umn.edu:114787$$qGLOBAL_SET
000114787 912__ $$nSubmitted by Karen  Anderson (ande9495@umn.edu) on 2011-09-08T16:12:22Z
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  Previous issue date: 2011-08-02
000114787 982__ $$gEuropean Association of Agricultural Economists>2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland
000114787 980__ $$a726