Risk Preference and Long-Run Performance of the Dairy Farm

Farm performance measures based upon 10 years of individual farm data are linearly regressed on risk preferences of 41 dairy farmers. Greater aversion to risk produces a lower average but more stable income, although the importance of risk preferences in determining long-run performance appears to be minor


Issue Date:
1986-05
Publication Type:
Working or Discussion Paper
Record Identifier:
http://ageconsearch.umn.edu/record/186344
PURL Identifier:
http://purl.umn.edu/186344
Total Pages:
15




 Record created 2017-04-01, last modified 2018-01-22

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