An Empirical Analysis of the Intertemporal Stability of Risk Preference
- 1 July 1983
- journal article
- research article
- Published by Cambridge University Press (CUP) in Journal of Agricultural and Applied Economics
- Vol. 16 (1) , 159-166
- https://doi.org/10.1017/s0081305200016654
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
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