Assessing risk attitudes of Agricultural decision makers
Sharon K. Bard*, Peter J. Barry
Agriculture production is high at risk due to the recent changes in the structure and technology base of the food system and in the policy environment. This change in agriculture has increased the value of decision analysis under risk. In this condition the assessment of measuring farmers’ attitude toward risks becomes very important and challenging. This study provides important tool for measuring an economic agent’s attitude toward risk. Based on attitudinal approach it helps in the development of ranking of peoples’ risk attitudes.
This methodology is helpful in assessing farmers’ attitudes toward the risk in agriculture production Risk attitude reflects person’s personality. It is influenced by socio-economic factors and life experiences. So the risk attitude of farmers influences how a farmer manages his business. “True risk attitudes” are not always apparent. Therefore, risk attitudes must usually be measured indirectly. A risk attitude scale has broad applicability. Researchers frequently investigate how risk attitudes influence economic decisions.
|Hazard||lightning, heat wave, flood, earthquake, Climate Change, drought,|
|Document||policy, practice, theory,|
|Location||Araria, Arwal, Aurangabad, Banka, Begusarai, Bhagalpur, Bhojpur, Buxar, Darbhanga, East Champaran, Gaya, Gopalganj, Jamui, Jehanabad, Kaimur, Katihar, Khagaria, Kishanganj, Lakhisarai, Madhepura, Madhubani, Monghyr, Muzaffarpur, Nalanda, Nawada, Patna, Purnea, Rohtas, Saharsa, Samastipur, Saran, Sheohar, Shiekhpura, Sitamarhi, Siwan, Supaul, Vaishali, West Champaran,|
|Theme||resilient villages, resilient livelihoods, resilient basic services, resilient critical infrastructure, resilient cities, miscellaneous,|
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