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Farmer risk-aversion limits closure of yield and profit gaps: A study of nitrogen management in the southern Australian wheatbelt
16 references·5 citing·39 second hop
Farmer risk-aversion limits closure of yield and profit gaps: A study of nitrogen management in the southern Australian wheatbelt (2015)Farmer risk-aversion limits closure of yi…Goodness of Fit (2007)Goodness of FitEstimating risk attitudes in Denmark: A Field Experiment (2007)Estimating risk attitudes in …Stochastic efficiency analysis with risk aversion bounds: a simplified approach (2004)Stochastic efficiency analysi…Conditional value-at-risk for general loss distributions (2002)Conditional value-at-risk for…Stochastic Optimization: Algorithms and Applications (2001)Stochastic Optimization: Algo…Economic Behavior Under Uncertainty: A Joint Analysis of Risk Preferences and Technology (1996)Economic Behavior Under Uncer…Tactical responses to seasonal conditions in whole-farm planning in Western Australia (1993)Tactical responses to seasona…The Effects of Uncertainty on Optimal Nitrogen Applications (1992)The Effects of Uncertainty on…AN APPROACH TO THE ECONOMETRIC ESTIMATION OF ATTITUDES TO RISK IN AGRICULTURE* (1987)AN APPROACH TO THE ECONOMETRI…RISK ATTITUDES AMONGST AUSTRALIAN FARMERS (1980)RISK ATTITUDES AMONGST AUSTRA…Production Function Estimation and Related Risk Considerations (1979)Production Function Estimatio…Agricultural Decision Analysis (1977)Agricultural Decision AnalysisAgricultural Decision Analysis (1977)Agricultural Decision AnalysisRisk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Alternative Approaches to the Theory of Choice in Risk-Taking Situations (1951)Alternative Approaches to the…Risk preferences and other (ignored) behavioral factors in fertilizer management decisions: A systematic literature review (2026)Risk preferences and other (i…Role of Farmers’ Risk and Ambiguity Preferences on Fertilization Decisions: An Experiment (2021)Role of Farmers’ Risk and Amb…Effects of uncertainty and farmers' risk aversion on optimal N fertilizer supply in wheat production in Germany (2019)Effects of uncertainty and fa…Yield gaps in Dutch arable farming systems: Analysis at crop and crop rotation level (2017)Yield gaps in Dutch arable fa…Economic perspectives on nitrogen in farming systems: managing trade-offs between production, risk and the environment (2017)Economic perspectives on nitr…Qualitative Methods in Social Work Research: Challenges and Rewards (1998)Working memory and intelligence are highly related constructs, but why? (2008)Teacher–child relationships as dynamic systems (2010)Empirical approaches to the problem of aggregation over individuals (2011)Ethnographic Interview (2017)The ethnographic interview (2019)Attitudes Toward Risk: Theoretical Implications of an Experiment in Rural India (1981)Econometric Estimation of Producers' Risk Attitudes (1987)Measuring the economic inefficiency of Nepalese rice farms using data envelopment analysis (2004)On the measurement of risk aversion from experimental data (2004)Risk preferences and pesticide use by cotton farmers in China (2013)A Note on Uncertainty and Indifference Curves (1969)Transcendental Logarithmic Production Frontiers (1973)Migration and Income Diversification: (2008)The costs and benefits of land fragmentation of rice farms in Japan* (2010)The Strategy of Ambiguity: Uncertainty and Electoral Competition (1972)A Treatise on Probability (1973)Cardinal Welfare, Individualistic Ethics, and Interpersonal Comparisons of Utility (1980)On the Strategic Stability of Equilibria (1986)Prospect theory: An analysis of decision under risk (1988)Advances in prospect theory: Cumulative representation of uncertainty (1992)Time Discounting and Time Preference: A Critical Review (2002)Risk Aversion in the Laboratory (2008)The Economics and Psychology of Personality Traits (2008)The economics and psychology of personality traits (2008)PORTFOLIO SELECTION* (1952)Coherent Measures of Risk (1999)Optimization of conditional value-at-risk (2000)On the coherence of expected shortfall (2002)Spectral measures of risk: A coherent representation of subjective risk aversion (2002)Making and Evaluating Point Forecasts (2011)Testing the Stochastic Structure of Production: A Flexible Moment-Based Approach (1983)Farmers’ intrinsic motivations, barriers to the adoption of conservation practices and effectiveness of policy instruments: Empirical evidence from northern Australia (2010)Agribusiness supply chain risk management: A review of quantitative decision models (2017)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)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

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  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 2002Conditional value-at-risk for general loss distributions3,847 cited
  • 1977Agricultural Decision Analysis831 cited
  • 2007Goodness of Fit786 cited
  • 1951Alternative Approaches to the Theory of Choice in Risk-Taking Situations714 cited
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  • 1979Production Function Estimation and Related Risk Considerations576 cited
  • 2007Estimating risk attitudes in Denmark: A Field Experiment453 cited
  • 1996Economic Behavior Under Uncertainty: A Joint Analysis of Risk Preferences and Technology336 cited
  • 2004Stochastic efficiency analysis with risk aversion bounds: a simplified approach299 cited
  • 2001Stochastic Optimization: Algorithms and Applications198 cited
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  • 1980RISK ATTITUDES AMONGST AUSTRALIAN FARMERS117 cited
  • 1987AN APPROACH TO THE ECONOMETRIC ESTIMATION OF ATTITUDES TO RISK IN AGRICULTURE*92 cited
  • 1993Tactical responses to seasonal conditions in whole-farm planning in Western Australia

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Cited by

  • 2017Yield gaps in Dutch arable farming systems: Analysis at crop and crop rotation level67 cited
  • 2017Economic perspectives on nitrogen in farming systems: managing trade-offs between production, risk and the environment56 cited
  • 2019Effects of uncertainty and farmers' risk aversion on optimal N fertilizer supply in wheat production in Germany26 cited
  • 2021Role of Farmers’ Risk and Ambiguity Preferences on Fertilization Decisions: An Experiment3 cited
  • 2026Risk preferences and other (ignored) behavioral factors in fertilizer management decisions: A systematic literature review2 cited