A NOTE ON DECREASING ABSOLUTE RISK AVERSION AMONG FARMERS IN NEPAL
K.B. Hamal and
Jock Anderson ()
Australian Journal of Agricultural Economics, 1982, vol. 26, issue 03
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.
Keywords: Risk and Uncertainty (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (23) Track citations by RSS feed
Downloads: (external link)
Journal Article: A NOTE ON DECREASING ABSOLUTE RISK AVERSION AMONG FARMERS IN NEPAL (1982)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:22708
Access Statistics for this article
More articles in Australian Journal of Agricultural Economics from Australian Agricultural and Resource Economics Society Contact information at EDIRC.
Series data maintained by AgEcon Search ().