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An Empirical Analysis of the Intertemporal Stability of Risk Preference

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  • Love, Ross O.
  • Robison, Lindon J.

Abstract

The interval measurement approach was used to obtain risk preference measures for 23 Michigan farmers in 1979 and again in 1981. This paper analyzes how risk preferences of the individuals in this group of decisionmakers changed over a two year time period. Risk preferences were most stable near typically experienced personal income levels.

Suggested Citation

  • Love, Ross O. & Robison, Lindon J., 1983. "An Empirical Analysis of the Intertemporal Stability of Risk Preference," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 16(1), pages 159-166, July.
    • Handle: RePEc:cup:jagaec:v:16:y:1984:i:01:p:159-166_01
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    References listed on IDEAS

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    1. Lins, David A. & Gabriel, Stephen C. & Sonka, Steven T., 1981. "An Analysis Of The Risk Aversion Of Farm Operators: An Asset Portfolio Approach," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 6(01), pages 1-16, July.
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