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Risk Taking Preferences of Farmers in Northern Thailand--Measurement and Implications

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  • Grisley, William

Abstract

Risk taking preferences were elicited from farmers in Northern Thailand to test the hypothesis of increasing partial risk aversion, quantify absolute risk aversion indexes, and determine if socio-economic characteristics were associated with risk preferences. An actual payoff experimental method was developed and utilized t9 elicit risk preferences.

Suggested Citation

  • Grisley, William, 1980. "Risk Taking Preferences of Farmers in Northern Thailand--Measurement and Implications," 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois 278930, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea80:278930
    DOI: 10.22004/ag.econ.278930
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    References listed on IDEAS

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    1. Young, Douglas L., 1979. "Risk Preferences Of Agricultural Producers: Their Use In Extension And Research," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 278203, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Batra, Raveendra N & Ullah, Aman, 1974. "Competitive Firm and the Theory of Input Demand under Price Uncertainty," Journal of Political Economy, University of Chicago Press, vol. 82(3), pages 537-548, May/June.
    3. Douglas L. Young, 1979. "Risk Preferences of Agricultural Producers: Their Use in Extension and Research," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(5), pages 1063-1070.
    4. Baron, David P, 1970. "Price Uncertainty, Utility, and Industry Equilibrium in Pure Competition," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 11(3), pages 463-480, October.
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