Comparing the Use of Risk-influencing Production Inputs and Experimentally Measured Risk Attitude:
Stefan Moser, Oliver Mußhoff
Published: 01.06.2017 〉 Volume 66 (2017), Number 2, 124-139 〉 Resort: Articles
Submitted: N. A. 〉 Feedback to authors after first review: N. A. 〉 Accepted: N. A.
This article compares the use of risk-increasing and risk-reducing production inputs with the experimentally measured risk attitudes of farmers. For this purpose, a Just-Pope production function indicates production inputs’ influence on output risk, and a Holt-Laury lottery is used to measure farmers’ risk attitudes. We then test whether more risk averse farmers use more risk-reducing and