Prospect Theory and Risk Preferences of Oregon Seed Producers
将前景理论应用于俄勒冈州草种种植者的风险偏好分析,发现收入变化与风险偏好分类变化显著相关,收入下降者更可能转向风险偏好型,支持前景理论在农场管理中的应用。
Abstract Prospect theory relates risk preference classifications to gains and losses from a reference income level. This study applies prospect theory to reinterpret historical studies of risk preferences of Oregon grass seed growers. A significant relationship between changes in classifications of preferences and changes in income was found. Results indicated that those who lost income were concentrated in the category of changing to risk preferrers. Income changes calculated from crop combinations were also found to be correlated in a theoretically correct pattern with positive measures of risk from crop enterprises. The research therefore is consistent with further applications of prospect theory to farm management.