Viele Untersuchungen zur Quantifizierung der individuellen Risikoeinstellung von Probanden zeigen, dass verschiedene Messmethoden zu unterschiedlichen Ergebnissen führen können. Zusätzliche Zweifel bezüglich der Zuverlässigkeit der Ergebnisse zur Messung der Risikoeinstellung resultieren...

Zusammenfassung Die Sozialfigur „Tourist“ genießt sowohl in der akademischen als auch in der populärwissenschaftlichen Literatur mehrheitlich keinen guten Ruf. Die mit ihr verbundenen negativen Konnotationen sind zahlreich und umfassen ebenso Adjektive wie auch Tierbezeichnungen oder...

Playing poker has many aspects in common with the making of business decisions. Agents act in a strategically rich, dynamic environment, where they are repeatedly facing competition under uncertain prospects. Their main goal is to maximize their resources. However simple this goal is put down,...

The effective design and implementation of interventions that reduce vulnerability and poverty require a solid understanding of underlying poverty dynamics and associated behavioral responses. Stochastic and dynamic benefit streams can make it difficult for the poor to learn the value of such...

A simple model is developed relating the debt and asset portfolio of the farm to the production decision, which leads to a small non-linear system of equations. The system is estimated with time-series cross-sectional data from Australian broadacre agriculture using non-linear three-stage least...

The volatility of agricultural markets has increased remarkably in recent years. In spite of this, the way in which supply chain actors perceive market volatility has only rarely been analyzed. This paper seeks to close this research gap by presenting empirical findings about how the volatility...

Food risks may be caused by moral hazard, i.e. by opportunisticbehaviour of upstream sellers who exploit the fact that many foodproduct qualities remain uncertain to downstream buyers in thecourse of conventional market transactions (credence qualities).Due to this lack of market transparency...

Regarding the nature of yield data, there are two basic characteristics that needs to be accommodated while we are about to model a yield distribution. The first one is the nonstationary nature of the yield distribution, which causes the heteroscedasticity related problems. The second one is the...