Some Estimates of Farmers' Utility Functions
Hildreth, Clifford; Knowles, Glenn J.
1982

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Abstract

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.

Details

Title Some Estimates of Farmers' Utility Functions
Keywords
Author(s) Hildreth, Clifford
Knowles, Glenn J.
Subject(s)
Issue Date 1982
Publication Type Report
DOI and Other Identifiers 10.22004/ag.econ.54545
Record Identifier https://ageconsearch.umn.edu/record/54545
PURL Identifier http://purl.umn.edu/54545
Language English
Total Pages 49
Series Statement Technical Bulletin
335
Record Appears in University of Minnesota > Agricultural Experiment Station > Technical Bulletins

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