Prospect Theory and Risk Preferences of Oregon Seed Producers
Prospect theory relates risk preference classifications to gains and losses from a reference income level. This study applies prospect theory to reinterpret historical studies of risk preferences of Oregon grass seed growers. A significant relationship between changes in classifications of preferenc...
| Veröffentlicht in: | American Journal of Agricultural Economics. - Oxford University Press. - 73(1991), 2, Seite 429-435 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
1991
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| Zugriff auf das übergeordnete Werk: | American Journal of Agricultural Economics |
| Schlagworte: | expected utility theory prospect theory risk preferences variance estimation Behavioral sciences Economics Biological sciences Mathematics |