MAGNITUDE ESTIMATION: AN APPLICATION TO FARMERS' RISK-INCOME PREFERENCES
| dc.creator | Patrick, George F. | |
| dc.creator | Blake, Brian F. | |
| dc.creator | Whittaker, Suzanne H. | |
| dc.date | 2017-04-01T19:58:13Z | |
| dc.date.accessioned | 2026-07-09T04:17:42Z | |
| dc.description | Magnitude estimation, a technique developed by psychology for obtaining ratio scaled values, was used to derive risk-income preferences of ninety-one central Indiana farmers. Both variability-income and bankruptcy-income measures were developed and related to farmers' socio-economic attributes. Wealth and education had limited effects compared with off-farm employment, percent debt and expected levels of income, percent debt and net worth growth. Magnitude estimation provided reliable estimates of preferences. Farmers gave greater importance to the bankruptcy-income measure of risk-income preferences, but only a small portion of the variation of either measure could be explained. | |
| dc.identifier | doi:10.22004/ag.econ.32583 | |
| dc.identifier | https://ageconsearch.umn.edu/record/32583/files/06020239.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/32583 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/547750 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/32583 | |
| dc.title | MAGNITUDE ESTIMATION: AN APPLICATION TO FARMERS' RISK-INCOME PREFERENCES | |
| dc.type | Text |