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An Empirical Analysis of the Intertemporal Stability of Risk Preference

Published online by Cambridge University Press:  28 April 2015

Ross O. Love  and
Lindon J. Robison
Ross O. Love
Affiliation:
Department of Agricultural Economics, Oklahoma State University
Lindon J. Robison
Affiliation:
Department of Agricultural Economics, Michigan State University
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Abstract

The interval measurement approach was used to obtain risk preference measures for 23 Michigan farmers in 1979 and again in 1981. This paper analyzes how risk preferences of the individuals in this group of decisionmakers changed over a two year time period. Risk preferences were most stable near typically experienced personal income levels.

Keywords

risk preferencesinterval approachrisk attitude stability
Type
Submitted Articles
Information
Journal of Agricultural and Applied Economics , Volume 16 , Issue 1 , July 1984 , pp. 159 - 166
Copyright
Copyright © Southern Agricultural Economics Association 1983

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