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A NOTE ON DECREASING ABSOLUTE RISK AVERSION AMONG FARMERS IN NEPAL

A NOTE ON DECREASING ABSOLUTE RISK AVERSION AMONG FARMERS IN NEPAL Attitudes toward risk are explored for a sample of rice growers on small farms in Nepal, in the context of the subjective expected utility maximisation model. Farmers are found to be generally averse to risk, with diverse levels of absolute risk aversion that tend to diminish as wealth increases, both for individuals and in a cross‐sectional sense. Relative risk aversion is argued to be the most comparable measure for contrasts of attitudes toward risk. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Australian Journal of Agricultural Resource Economics Wiley

A NOTE ON DECREASING ABSOLUTE RISK AVERSION AMONG FARMERS IN NEPAL

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References (4)

Publisher
Wiley
Copyright
Copyright © 1982 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1364-985X
eISSN
1467-8489
DOI
10.1111/j.1467-8489.1982.tb00414.x
Publisher site
See Article on Publisher Site

Abstract

Attitudes toward risk are explored for a sample of rice growers on small farms in Nepal, in the context of the subjective expected utility maximisation model. Farmers are found to be generally averse to risk, with diverse levels of absolute risk aversion that tend to diminish as wealth increases, both for individuals and in a cross‐sectional sense. Relative risk aversion is argued to be the most comparable measure for contrasts of attitudes toward risk.

Journal

The Australian Journal of Agricultural Resource Economics – Wiley

Published: Dec 1, 1982

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