A Comparison of Subjective and Historical Yield Distributions With Implications For Multiple Peril Crop Insurance

This study examines the relationship between subjective yield distributions elicited from Kentucky farmers in 1987 and 1989 and their historical yield distributions using insurance concepts. The results indicate close correspondence between the first moments of the distributions and a marked difference in skewness suggesting that farmers underestimate their downside risk.


Issue Date:
Aug 05 1990
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/270874
Language:
English
Total Pages:
15




 Record created 2018-04-06, last modified 2020-10-28

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