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Estimation of farmers' risk attitude: an econometric approach
16 references·9 citing·31 second hop
Estimation of farmers' risk attitude: an econometric approach (1997)Estimation of farmers' risk attitude: an …On Testing the Structure of Risk Preferences in Agricultural Supply Analysis (1991)On Testing the Structure of R…Similarity and decision-making under risk (is there a utility theory resolution to the Allais paradox?) (1988)Similarity and decision-makin…Econometric Estimation of Producers' Risk Attitudes (1987)Econometric Estimation of Pro…Choice Under Uncertainty: Problems Solved and Unsolved (1987)Choice Under Uncertainty: Pro…AN APPROACH TO THE ECONOMETRIC ESTIMATION OF ATTITUDES TO RISK IN AGRICULTURE* (1987)AN APPROACH TO THE ECONOMETRI…Limited-dependent and qualitative variables in econometrics (1983)Limited-dependent and qualita…The theory of commodity price stabilization (1981)The theory of commodity price…Attitudes Toward Risk: Theoretical Implications of an Experiment in Rural India (1981)Attitudes Toward Risk: Theore…Attitudes Toward Risk: Experimental Measurement in Rural India (1980)Attitudes Toward Risk: Experi…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …Risk Attitudes of Subsistence Farmers in Northeast Brazil: A Sampling Approach (1978)Risk Attitudes of Subsistence…Essays in the Theory of Risk-Bearing. (1972)Essays in the Theory of Risk-…On the theory of the competitive firm under price uncertainty (1971)On the theory of the competit…On the Theory of Risk Aversion (1970)On the Theory of Risk AversionAnother Type of Risk Aversion (1970)Another Type of Risk AversionRisk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Effects of communication, group selection, and social learning on risk and ambiguity attitudes: Experimental evidence from Bangladesh (2021)Effects of communication, gro…The predictive power of farmers’ risk attitude measures elicited by experimental methods (2020)The predictive power of farme…Climate Risk and Beliefs in New York Floodplains (2020)Climate Risk and Beliefs in N…Efficient Estimation of Risk Preferences (2018)Efficient Estimation of Risk …Risk Averters that Love Risk? Marginal Risk Aversion in Comparison to a Reference Gamble (2009)Risk Averters that Love Risk?…Farms’ technical inefficiencies in the presence of government programs* (2008)Farms’ technical inefficienci…Is Risk Aversion Really Correlated with Wealth? How Estimated Probabilities Introduce Spurious Correlation (2007)Is Risk Aversion Really Corre…Non‐parametric estimation of decision makers' risk aversion (2002)Non‐parametric estimation of …Chapter 12 The agricultural producer: Theory and statistical measurement (2001)Chapter 12 The agricultural p…The Utility Analysis of Choices Involving Risk (1948)Consumption Smoothing, Migration, and Marriage: Evidence from Rural India (1989)The Economics and Psychology of Personality Traits (2008)Risk, Ambiguity, and the Savage Axioms (1961)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Why do people pay taxes? (1992)The irrelevance of inference: a decision-making approach to the stochastic evaluation of health care technologies (1999)Anomalies: Risk Aversion (2001)Stochastic specification of production functions and economic implications (1978)Cash Crop Production, Food Price Volatility, and Rural Market Integration in the Third World (1992)Rising Food Prices, Food Price Volatility, and Social Unrest (2014)Moral Hazard and Observability (1979)Prospect theory: An analysis of decision under risk (1988)The New Institutional Economics: Taking Stock, Looking Ahead (2000)Risk Aversion and Incentive Effects (2002)Field Experiments (2004)INDIVIDUAL RISK ATTITUDES: MEASUREMENT, DETERMINANTS, AND BEHAVIORAL CONSEQUENCES (2011)Econometric Analysis of Cross Section and Panel Data (2001)Does Foreign Direct Investment Increase the Productivity of Domestic Firms? In Search of Spillovers Through Backward Linkages (2004)Introductory Econometrics for Finance (2008)Economic Behavior Under Uncertainty: A Joint Analysis of Risk Preferences and Technology (1996)Impact of cooperatives on smallholders' commercialization behavior: evidence from Ethiopia (2008)Pareto Inferior Trade (1984)Residual Risk, Trading Costs, and Commodity Futures Risk Premia: (1988)Addressing climate change through price and non-price interventions (2019)The Framing of Decisions and the Psychology of Choice (1981)Advances in prospect theory: Cumulative representation of uncertainty (1992)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)On the measurement of inequality (1970)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The arbitrage theory of capital asset pricing (1976)
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References

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 1983Limited-dependent and qualitative variables in econometrics13,257 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1972Essays in the Theory of Risk-Bearing.3,991 cited
  • 1980Attitudes Toward Risk: Experimental Measurement in Rural India1,620 cited
  • 1971On the theory of the competitive firm under price uncertainty1,450 cited
  • 1987Choice Under Uncertainty: Problems Solved and Unsolved878 cited
  • 1981Attitudes Toward Risk: Theoretical Implications of an Experiment in Rural India749 cited
  • 1981The theory of commodity price stabilization539 cited
  • 1987Econometric Estimation of Producers' Risk Attitudes421 cited
  • 1988Similarity and decision-making under risk (is there a utility theory resolution to the Allais paradox?)356 cited
  • 1978Risk Attitudes of Subsistence Farmers in Northeast Brazil: A Sampling Approach271 cited
  • 1991On Testing the Structure of Risk Preferences in Agricultural Supply Analysis206 cited
  • 1970On the Theory of Risk Aversion184 cited
  • 1987AN APPROACH TO THE ECONOMETRIC ESTIMATION OF ATTITUDES TO RISK IN AGRICULTURE*92 cited

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  • 1970Another Type of Risk Aversion86 cited
  • Cited by

    • 2020Climate Risk and Beliefs in New York Floodplains123 cited
    • 2008Farms’ technical inefficiencies in the presence of government programs*68 cited
    • 2002Non‐parametric estimation of decision makers' risk aversion37 cited
    • 2007Is Risk Aversion Really Correlated with Wealth? How Estimated Probabilities Introduce Spurious Correlation32 cited
    • 2001Chapter 12 The agricultural producer: Theory and statistical measurement32 cited
    • 2009Risk Averters that Love Risk? Marginal Risk Aversion in Comparison to a Reference Gamble17 cited
    • 2020The predictive power of farmers’ risk attitude measures elicited by experimental methods8 cited
    • 2021Effects of communication, group selection, and social learning on risk and ambiguity attitudes: Experimental evidence from Bangladesh8 cited
    • 2018Efficient Estimation of Risk Preferences6 cited