empirical comparison of direct techniques for measuring attitudes toward risk

نویسندگان

j. torkamani

m. abdolahi

چکیده

the purpose of this study was to compare various direct techniques of measuring attitudes toward risk. the equally likely certainty equivalent with a purely hypothetical risky prospect (elce-ph), the equally likely certainty equivalent with a hypothetical but realistic risky prospect (elce-r) and probability of winning demanded (pwd) models were used to elicit the risk attitude of a sample of farmers. these methods were then compared and evaluated. the criteria employed were (1) sample respondent capability in answering questions, (2) means and corresponding risk attitudes classification and (3) distribution of risk attitudes. according to the first criterion, the results showed pwd technique is the best one. while there are no differences among the three direct techniques on the basis of the second criterion. also, the findings indicate that respondent education and age, family education, level of hypothetical income and a greater explanation by other people during interview have an influence on respondent capability in answering questions. these characteristics should therefore be considered when choosing the appropriate technique.

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Measuring Individual Risk Attitudes in the Lab: Task or Ask? An Empirical Comparison

This paper compares two prominent empirical measures of individual risk attitudes the Holt and Laury (2002) lottery-choice task and the multi-item questionnaire advocated by Dohmen, Falk, Huffman, Schupp, Sunde and Wagner (2011) with respect to (a) their within-subject stability over time (one year) and (b) their correlation with actual risk-taking behaviour in the lab here the amount sent in a...

متن کامل

Best Practices for Measuring Students’ Attitudes toward Learning Science

Science educators often characterize the degree to which tests measure different facets of college students' learning, such as knowing, applying, and problem solving. A casual survey of scholarship of teaching and learning research studies reveals that many educators also measure how students' attitudes influence their learning. Students' science attitudes refer to their positive or negative fe...

متن کامل

Development and validation of a scale measuring attitudes toward smoking.

The authors developed the Smoking Attitudes Scale (SAS) and administered it to 2 samples of U.S. students who were smokers or nonsmokers. Exploratory and confirmatory factor analysis with LISREL (K. G. Jöreskog & D. Sörbom, 1989) methodology revealed that the SAS consists of 4 factors. The overall instrument possesses good internal consistency and adequate construct validity as well.

متن کامل

منابع من

با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید


عنوان ژورنال:
journal of agricultural science and technology

ناشر: tarbiat modares university

ISSN 1680-7073

دوره 3

شماره Number 3 2010

میزبانی شده توسط پلتفرم ابری doprax.com

copyright © 2015-2023