IMPACT OF SOCIO - ECONOMIC CHARACTERISTICS ON DECISION MAKING PROCESS UNDER RISK

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TORKAMAANI J.; ABD ELAHI EZATABADI M.

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ISSN: 2588-4824

Journal Paper

Paper Information

Journal: Journal of Agricultural Economics and Development Year:2001 | Volume:9 | Issue:1 (33) Page(s): 27-46

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Title

IMPACT OF SOCIO - ECONOMIC CHARACTERISTICS ON DECISION MAKING PROCESS UNDER RISK

Author(s)

TORKAMAANI J. | ABD ELAHI EZATABADI M. | Issue Writer Certificate

Keywords

RISK AVERSION

PROBABILITY OF WINNING DEMANDED METHODS

CERTAINTY EQUIVALENT METHODS

RAFSANJAN

Abstract

In this article, a theoretical framework was introduced to study the effects of socio - economic factors on farmer"s risk attitudes and production decisions. Attitudes toward risk were measured using two methods: an interview method eliciting certainty equivalent (CE) and the probability of winning demanded (PWD) method. Both of the above methods showed that sample farmers are, on average, risk averse. Econometric analysis indicated that human and physical capitals tend to reduce RISK AVERSION but family size increases RISK AVERSION. Also, the results showed that farmer"s risk attitudes affect their production, marketing and consumption decisions.

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APA: Copy

TORKAMAANI, J., & ABD ELAHI EZATABADI, M.. (2001). IMPACT OF SOCIO - ECONOMIC CHARACTERISTICS ON DECISION MAKING PROCESS UNDER RISK. EQTESAD-E KESHAVARZI VA TOWSE'E, 9(1 (33)), 27-46. SID. https://sid.ir/paper/530447/en

Vancouver: Copy

TORKAMAANI J., ABD ELAHI EZATABADI M.. IMPACT OF SOCIO - ECONOMIC CHARACTERISTICS ON DECISION MAKING PROCESS UNDER RISK. EQTESAD-E KESHAVARZI VA TOWSE'E[Internet]. 2001;9(1 (33)):27-46. Available from: https://sid.ir/paper/530447/en

IEEE: Copy

J. TORKAMAANI, and M. ABD ELAHI EZATABADI, “IMPACT OF SOCIO - ECONOMIC CHARACTERISTICS ON DECISION MAKING PROCESS UNDER RISK,” EQTESAD-E KESHAVARZI VA TOWSE'E, vol. 9, no. 1 (33), pp. 27–46, 2001, [Online]. Available: https://sid.ir/paper/530447/en

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