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Quantifying the Effects of Sow-Herd Management Information Systems on Farmers' Decision Making Using Experimental Economics

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  • James C. Cox

Abstract

A pilot experiment was conducted to yield insight into whether laboratory experiments can be used as an alternative to surveys for determining the profitability of management information systems (MIS) in sow farming. In total, eighty-six sow farmers, including fifty-one farmers from an earlier survey study, participated in an individual decision-making experiment, which was executed in a quasi-experimental, nonequivalent control, pretest/posttest design. In an MIS group, MIS estimates were derived by within-subjects comparisons of decision quality with and without MIS features. A baseline group was included to control for leaning or exhaustion effects during an experimental session. Subjects receiving MIS features significantly improved their decision making whereas subjects without MIS features did not. Correlation between MIS estimates of the survey study and MIS estimates of the experiment was not significant. Copyright 1998, Oxford University Press.

Suggested Citation

  • James C. Cox, 1998. "Quantifying the Effects of Sow-Herd Management Information Systems on Farmers' Decision Making Using Experimental Economics," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(4), pages 821-829.
    • Handle: RePEc:oup:ajagec:v:80:y:1998:i:4:p:821-829
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    File URL: http://hdl.handle.net/10.2307/1244066
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    Cited by:

    1. Erik Jørgensen & Anders Kristensen & Dennis Nilsson, 2014. "Markov Limid processes for representing and solving renewal problems," Annals of Operations Research, Springer, vol. 219(1), pages 63-84, August.
    2. Josep M. Argilés, 2002. "Importancia de la información contable para el análisis y predicción de la viabilidad de las explotaciones agrícolas," Economics Working Papers 612, Department of Economics and Business, Universitat Pompeu Fabra.
    3. Kim, Jong-Sun & Cameron, Donald, 2013. "Typology of farm management decision-making research," International Journal of Agricultural Management, Institute of Agricultural Management, vol. 2(2), pages 1-10, January.
    4. Llewellyn, Rick S. & Lindner, Robert K. & Pannell, David J. & Powles, Stephen B., 2003. "Effective information and the influence of an extension event on perceptions and adoption," 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia 57911, Australian Agricultural and Resource Economics Society.
    5. Kim, Jong Sun & Cameron, Donald, 2009. "PR - A Road Map Through The Maze - A Typology Of Farm Decision Making Research," 17th Congress, Illinois State University, USA, July 19-24, 2009 345486, International Farm Management Association.
    6. Josep Argilés & E. Slof, 2003. "The use of financial accounting information and firm performance: an empirical quantification for farms," Accounting and Business Research, Taylor & Francis Journals, vol. 33(4), pages 251-273.

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