Measuring Utility of Wealth Among Farm Managers
Author: Albert N. Halter
Publisher:
Published: 1956
Total Pages: 430
ISBN-13:
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Author: Albert N. Halter
Publisher:
Published: 1956
Total Pages: 430
ISBN-13:
DOWNLOAD EBOOKAuthor: P.J.H. Schoemaker
Publisher: Springer Science & Business Media
Published: 2013-11-11
Total Pages: 228
ISBN-13: 9401750408
DOWNLOAD EBOOKIn this valuable book, Paul Schoemaker summarizes recent experimental and field research that he and others have undertaken regarding the descrip tive validity of expected utility theory as a model of choice under uncer tainty. His principal message is that this paradigm is too narrow in its con ception and misses some of the important elements of a descriptive model of individual choice. In particular, Schoemaker calls attention to the impor tance of individual differences, task effects, and context effects as they influence behavior. The expected utility hypothesis has come under scrutiny in recent years from a number of different quarters. This book brings together these many studies and relates them to the large body of literature on individual de cision making under risk. Although this paradigm may be appropriate for describing behavior under many conditions of uncertainty, Schoemaker presents convincing evidence that it does not do well with respect to protec tion against low-probability events. For example, he shows that the insur ance purchase decision is influenced by the way information is presented to the client, as well as by the statistical knowledge of the respondents.
Author: Glenn Joseph Knowles
Publisher:
Published: 1980
Total Pages: 472
ISBN-13:
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Publisher:
Published: 1958
Total Pages: 1244
ISBN-13:
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Publisher:
Published: 1961
Total Pages: 1088
ISBN-13:
DOWNLOAD EBOOKAuthor: Glenn Leroy Johnson
Publisher:
Published: 1961
Total Pages: 246
ISBN-13:
DOWNLOAD EBOOKAuthor: Reji D. Nair
Publisher: Concept Publishing Company
Published: 2010
Total Pages: 204
ISBN-13: 9788180697104
DOWNLOAD EBOOKAuthor: Glenn Johnson
Publisher: Routledge
Published: 2013-10-18
Total Pages: 237
ISBN-13: 1135984344
DOWNLOAD EBOOKThis book emphasizes resource use and efficiency in the agricultural sector and offers facts and analytical concepts of interest to welfare economists, sociologists, and agricultural policy makers. Originally published in 1972
Author:
Publisher:
Published: 1957
Total Pages: 604
ISBN-13:
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