Yeager, Elizabeth A.; Langemeier, Michael R. - Agricultural and Applied Economics Association - AAEA - 2012
preference score and the scores in the sample ranged from 5 to 86 where a smaller value represents greater risk aversion … inverse risk preference score as a non-discretionary input. Comparisons were made between the characteristics of the farms … preferences. As expected, risk preference plays a role in explaining farm inefficiency. Failure to account for risk preferences …