Evaluation of Farmer’s Risk Attitudes Using Alternative Utility Functional Forms

Torkamani1, J.; Haji-Rahimi1, M.

dc.contributor.author	Torkamani1, J.
dc.contributor.author	Haji-Rahimi1, M.
dc.date.accessioned	2018-02-12T10:19:14Z
dc.date.available	2018-02-12T10:19:14Z
dc.date.issued	2018-02-12
dc.identifier.uri	http://hdl.handle.net/123456789/4025
dc.description.abstract	The most commonly used utility functional forms are reviewed and their properties compared. Then, using data collected from West Azarbaijan province, utility functions are estimated and absolute risk aversion coefficients measured. Exponential and expopower utility functions classified all farmers as risk averse, but quadratic and cubic utility functions classified 75% and 65% of farmers as risk-averse, respectively. Findings in this study indicated that alternative utility functions may classify farmers’ risk attitudes in different ways.	en_US
dc.language.iso	en	en_US
dc.subject	Agricultural economics,	en_US
dc.subject	Risk attitudes,	en_US
dc.subject	Utility function.	en_US
dc.title	Evaluation of Farmer’s Risk Attitudes Using Alternative Utility Functional Forms	en_US
dc.type	Working Paper	en_US