Measuring risk attitude of agricultural producers using a mail survey: how consistent are the methods?

A mail survey is used to examine the consistency of alternative risk preference elicitation procedures using five commonly used methods. These elicitation procedures have been used in previous studies to characterise risk preference. Results show little consistency across procedures, supporting strength-of-preference studies. A general recommendation for mail surveys is the development of relatively easy-to-understand risk-preference elicitation procedures that are framed according to the situational construct in question.


Issue Date:
2006-06
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/116927
Published in:
Australian Journal of Agricultural and Resource Economics, Volume 50, Issue 2
Page range:
171-188
Total Pages:
18




 Record created 2017-04-01, last modified 2017-08-26

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