Introducing socioeconomic characteristics into production analysis under risk
开发了一个理论框架，研究社会经济因素如何影响农民的风险态度和生产决策，并用180名以色列农民的数据验证了分类方法。
A theoretical framework is developed to study the effects of socioeconomic factors on farmers' risk attitudes and production decisions. No maintained assumptions about the individual's utility are required. A key element in this framework is the categorization of socioeconomic factors by their effect on the farmer's risk attitudes. A simple methodology for this categorization, based on the equivalence between the Arrow-Pratt measure of risk aversion and the probability of winning demanded, is proposed. The latter is illustrated with data collected in a survey of 180 Israeli farmers from 20 villages.