@article{Anderson:7299,
      recid = {7299},
      author = {Anderson, Jock R.},
      title = {Risk Efficiency in the Interpretation of Agricultural  Production Research},
      journal = {Review of Marketing and Agricultural Economics},
      address = {1974-09},
      number = {430-2016-30693},
      pages = {54},
      year = {1974},
      abstract = {Risk is often perceived by farmers as being more  formidable in new technologies emanating from agricultural  research than in more traditional practices. Consequently  risk may tend to act as an impediment to adoption of  improved practices as well as a general friction on  efficient use of resources. Research and extension workers  in agriculture may thus wish to identify technologies that  are not only "improved" (more productive and profitable on  the average) but are also less risky in that they would be  preferred by "risk-averse" farmers. The extent to which  this identification can proceed in the absence of knowledge  of farmers' individual attitudes to risk is explored here  through application of the concepts of stochastic  dominance.},
      url = {http://ageconsearch.umn.edu/record/7299},
      doi = {https://doi.org/10.22004/ag.econ.7299},
}