Hellerstein, Daniel; Higgins, Nathaniel; Horowitz, John - In: European Review of Agricultural Economics 40 (2013) 5, pp. 807-833
This paper uses a lottery-choice mechanism to measure farmer preferences over money-denominated risks. We look at the ability of these choice data to predict farming decisions for an in-person sample of 68 farmers. A coarse version of our risk preference measure has substantial explanatory power...