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Die Meting Van Besproeiingsboere Se Absolute Risikovermydingskoeffisiente Met Behulp Van Die Intervalmetode: Die Implikasies Van Skaalaanpassings

Author

Listed:
  • Meiring, J. A.
  • Oosthuizen, L. K.

Abstract

The aim of this research is to analyse the influence of adjustment of the absolute risk-aversion scale, as well as the width of cumulative distributions on respondents' risk-preferences. The consistency of risk-attitudes has also been determined. The majority of farmers in the region revealed extreme risk-preferences - either risk-seeking or risk-aversion. Furthermore, the decisionmakers who completed the questionnaire at the higher levels of bank balances were significantly more consistent than those who completed the questionnaire at the lower levels. If the width over which the distributions extend, increases, the preferences of a few farmers tends to change from risk-neutral to risk-averse. By propagating the concept of probability distributions for the evaluation of risky alternatives, a beter understanding of risk and risk management can be brought about, which will result in easier obtaining of riskmeasuring results.

Suggested Citation

  • Meiring, J. A. & Oosthuizen, L. K., 1993. "Die Meting Van Besproeiingsboere Se Absolute Risikovermydingskoeffisiente Met Behulp Van Die Intervalmetode: Die Implikasies Van Skaalaanpassings," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 32(2), June.
    • Handle: RePEc:ags:agreko:267570
    DOI: 10.22004/ag.econ.267570
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