AN EMPIRICAL ANALYSIS OF THE INTERTEMPORAL STABILITY OF RISK PREFERENCES

The interval measurement approach was used to obtain risk preference measures for 23 Michigan farmers in 1979 and again in 1981. This paper analyzes how the risk preferences of this group of decision makers changed over a two year time period. It finds that risk preferences were most stable near typical personal income levels.


Issue Date:
1982-08
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/279181
Language:
English
Total Pages:
15




 Record created 2018-10-26, last modified 2020-10-28

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)