Measuring Utility of Wealth Among Farm Managers PDF Download
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Author: Albert N. Halter
Publisher:
ISBN:
Category : Farm management
Languages : en
Pages : 430
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Book Description
Author: Albert N. Halter
Publisher:
ISBN:
Category : Farm management
Languages : en
Pages : 430
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Book Description
Author: P.J.H. Schoemaker
Publisher: Springer Science & Business Media
ISBN: 9401750408
Category : Business & Economics
Languages : en
Pages : 228
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Book Description
In this valuable book, Paul Schoemaker summarizes recent experimental and field research that he and others have undertaken regarding the descrip tive validity of expected utility theory as a model of choice under uncer tainty. His principal message is that this paradigm is too narrow in its con ception and misses some of the important elements of a descriptive model of individual choice. In particular, Schoemaker calls attention to the impor tance of individual differences, task effects, and context effects as they influence behavior. The expected utility hypothesis has come under scrutiny in recent years from a number of different quarters. This book brings together these many studies and relates them to the large body of literature on individual de cision making under risk. Although this paradigm may be appropriate for describing behavior under many conditions of uncertainty, Schoemaker presents convincing evidence that it does not do well with respect to protec tion against low-probability events. For example, he shows that the insur ance purchase decision is influenced by the way information is presented to the client, as well as by the statistical knowledge of the respondents.
Author: Glenn Leroy Johnson
Publisher:
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 246
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Book Description
Author:
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 1088
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Book Description
Author: Glenn Johnson
Publisher: Routledge
ISBN: 1135984344
Category : Business & Economics
Languages : en
Pages : 237
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Book Description
This book emphasizes resource use and efficiency in the agricultural sector and offers facts and analytical concepts of interest to welfare economists, sociologists, and agricultural policy makers. Originally published in 1972
Author: Glenn Joseph Knowles
Publisher:
ISBN:
Category :
Languages : en
Pages : 472
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Book Description
Author:
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 1244
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Book Description
Author: Kenneth James McKenzie
Publisher:
ISBN:
Category : Agricultura
Languages : en
Pages : 1016
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Book Description
Author:
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 604
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Book Description
Author:
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 584
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Book Description
