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Contracting is a contentious issue in agriculture. Competing theories assert that risk or transactions cost drive … contracting decisions, with some argument that autonomy also plays a role. We examine preferences for different contract … transactions cost play a role in contracting decisions. Autonomy also plays a role, especially to the extent that producers wish to …
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Agriculture has seen a steady movement toward the increased use of contracts. Agricultural contracts now guide the interrelationships of parties throughout the modern production system, extending well beyond the livestock sector. With this predominance come new issues that require us to...
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We investigate various statistical methods for forecasting risky choices and identify important decision predictors. Subjects (n=44) are presented a series of 50/50 gambles that each involves a potential gain and a potential loss, and subjects can choose to either accept or reject a displayed...
Persistent link: https://www.econbiz.de/10011964372
The risk and time preferences of individuals as well as their subjective expectations regarding the future are likely … to play an important role in choice behaviour. Measurement of these individual characteristics in large-scale surveys has … results of measuring individuals’ attitudes towards inter-temporal choice, risk, and the future in a large-scale field survey …
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entrepreneurial and labor risk is found to be statistically significant and detrimental to entrepreneurship. The crowding-out effect … detrimental effect on entrepreneurial risk-taking. …
Persistent link: https://www.econbiz.de/10011537009
We investigate various statistical methods for forecasting risky choices and identify important decision predictors. Subjects (n=44) are presented a series of 50/50 gambles that each involves a potential gain and a potential loss, and subjects can choose to either accept or reject a displayed...
Persistent link: https://www.econbiz.de/10012030990
willingness of men and women to make risky decisions on behalf of a group, (2) the amount of risk men and women take for the group … lower fraction of women being willing to make the group decision than men. The amount of risk taken for the group is … like to make the group decision and the women that do not are no different in terms of how much risk they take for …
Persistent link: https://www.econbiz.de/10010274088