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Utility Functions with Jump Discontinuities: Some Evidence and Implications from Peasant Agriculture

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  • Masson, Robert T

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  • Masson, Robert T, 1974. "Utility Functions with Jump Discontinuities: Some Evidence and Implications from Peasant Agriculture," Economic Inquiry, Western Economic Association International, vol. 12(4), pages 559-566, December.
    • Handle: RePEc:oup:ecinqu:v:12:y:1974:i:4:p:559-66
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    Cited by:

    1. Mariapia Mendola, 2006. "Production Choices of Farm Households: Institutional and Behaviourial Aspects in Economic Theory," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 2, May.
    2. Weiss, Michael D., 1985. "Discontinuous Utility In Agricultural Risk Modeling," 1985 Annual Meeting, August 4-7, Ames, Iowa 278524, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. de Courson, Benoît & Frankenhuis, Willem & Nettle, Daniel, 2024. "Poverty is associated with both risk avoidance and risk taking: an empirical test of the desperation threshold model," SocArXiv gqjkm, Center for Open Science.
    4. Pavel Chebotarev, 2023. "Updating Utility Functions on Preordered Sets," Mathematics, MDPI, vol. 11(22), pages 1-18, November.
    5. Michael Hanemann & Susan Stratton Sayre & Larry Dale, 2016. "The downside risk of climate change in California’s Central Valley agricultural sector," Climatic Change, Springer, vol. 137(1), pages 15-27, July.
    6. Robison, Lindon J., 1994. "Expanding The Set Of Expected Utility And Mean Standard Deviation Consistent Models," 1994 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses Risk, Technical Committee Meeting, March 24-26, 1994, Gulf Shores State Park, Alabama 271676, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.
    7. Atwood, Joseph A. & Buschena, David E., 2003. "Evaluating the magnitudes of financial transactions costs on risk behavior," Agricultural Systems, Elsevier, vol. 75(2-3), pages 235-249.
    8. Mariapia MENDOLA, 2005. "Farm households production theories: a review of institutional and behavioural responses," Departmental Working Papers 2005-01, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    9. Weiss, Michael D., 1985. "Risk Concepts Revisited: A Mathematical Approach," Regional Research Projects > 1985: S-180 Annual Meeting, March 24-27, 1985, Charleston, South Carolina 271791, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    10. Chiu, Leslie J. Verteramo & Turvey, Calum G., 2013. "A Risk Rationing Model," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150628, Agricultural and Applied Economics Association.
    11. Gustavo Adolfo Caballero Orozco, 2010. "Risk Preferences Under Extreme Poverty: A Field Experiment," Documentos CEDE 7717, Universidad de los Andes, Facultad de Economía, CEDE.
    12. Harin, Alexander, 2015. "Is Prelec’s function discontinuous at p = 1? (for the Einhorn Award of SJDM)," MPRA Paper 64672, University Library of Munich, Germany.
    13. Chiu, Leslie J. Verteramo, 2013. "Risk Rationing and Jump Utility," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150589, Agricultural and Applied Economics Association.
    14. Roumasset, James A., 1974. "Estimating The Risk Of Alternate Techniques: Nitrogenous Fertilization Of Rice In The Philippines," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 42(04), pages 1-38, December.
    15. Harin, Alexander, 2015. "Problems of utility and prospect theories. A “certain–uncertain” inconsistency within their experimental methods," MPRA Paper 67911, University Library of Munich, Germany.

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