The measurement of farmers' risk attitudes using a non-structural approach

This study estimates farmers' risk attitudes in Missouri using a non-structural approach over time. The non-structural approach proposed by Antle (1989) allows for multiple outputs and various types of risk faced by farmers and doesn't require specific functional forms for utility or production. This approach can also provide farmers' risk attitudes over time. The results show that farmers' risk attitudes are risk loving and change over time, while farmers' risk attitude is generally assumed to be risk averse and very stable over time. Since this approach has the different definition of risk attitude, the results of this study may be a bit different from previous studies.

Issue Date:
May 10 2008
Publication Type:
Journal Article
DOI and Other Identifiers:
ISSN 1229-8263 (Other)
Record Identifier:
PURL Identifier:
Published in:
Journal of Rural Development/Nongchon-Gyeongje, Volume 31, Issue 2
Page range:
Total Pages:

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

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