Some Estimates of Farmers' Utility Functions

Utility functions for 13 Minnesota farmers are estimated from their responses to hypothetical decision problems under uncertainty. The results furnish strong evidence of risk aversion and of decreasing absolute risk aversion as wealth increases.


Issue Date:
1982
Publication Type:
Report
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/54545
PURL Identifier:
http://purl.umn.edu/54545
Total Pages:
49
Series Statement:
Technical Bulletin
335




 Record created 2017-04-01, last modified 2019-08-26

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