In developing world, the risk behavior of farmers is very crucial as their daily risk and uncertainty decisions affect … varied results in various countries. Present study investigated farmers’ risk behavior in one of the leading state in … determinants of risk for farmers with limited literacy and capabilities. It also compared two methods- expected utility theory and …

outcomes experienced during the game. Risk aversion decreases after earlier expectations have been shattered by unfavorable …

We assess alternative presentations of investment risk using a discrete choice experiment which asked subjects to rank … three investment portfolios for retirement savings across nine risk presentation formats and four underlying risk levels …. Using Prospective Theory utility specifications we estimate individual-specific parameters for risk preferences in gains and …