At some level, all asset allocation techniques require a consideration of variables involving both capital market expectations and an individual's tolerance for risk. Although the latter information is as important as the former, an evaluation of investor-specific risk aversion is typically done in an ad hoc fashion. Our understanding of financial risk tolerance can be extended by investigating...

Using internet-based software known as 1000Minds, choice-experiment surveys were administered to experts and farmers from the Irish sheep industry to capture their preferences with respect to the relative importance - represented by part-worth utilities - of target traits in the definition of a breeding objective for sheep in Ireland. Sheep production in Ireland can be broadly separated into lo...

The data entered into KIDPLAN, the national goat performance recording program in Australia was summarised. The summary includes the number of active breeding animals added since the development of the program, the number of records recorded per trait in 2013 with the average phenotype and variance and, the average EBV and accuracy for various traits since the programs’ development. The number ...

SUMMARY Corn, soybean, and sunflower hybrids with improved agronomic and nutritional traits are grown widely today. Barring increased concern about genetically altered crops, production of specialty grains is likely to increase because novel traits possessed by many new hybrids are desired by both grain producers and grain users. Most specialty grains available today possess improved altered " ...

The ecophysiological mechanisms underlying the pattern of bimodal elevational distribution of evergreen tree species remain incompletely understood. Here we used leaf economics spectrum (LES) theory to explain such patterns. We measured leaf economic traits and constructed an LES for the co-existing 19 evergreen and 15 deciduous species growing in evergreen broad-leaved forest at low elevation,...

This paper examines the role of cooperativeness and impatience in the exploitation of common pool resources (CPRs) by combining laboratory experiments with field data. We study fishermen whose main, and often only, source of income stems from the use of fishing grounds with open access. The exploitation of a CPR involves a negative interpersonal and inter-temporal externality because individual...

The effect of ultrasound on important economic traits of the silkworm, Bombyx mori L., was studied in the laboratory. The silkworm eggs in blue-egg stage were exposed to ultrasound at 1 MHz and at an intensity of 9 W/cm 2 for 2 min, and the impact was examined on the economic traits of the silkworm. An elevatory effect was recorded with respect to egg hatchability, subsequent growth of larvae, ...

This paper presents Gary Becker's approach to conducting creative, empirically fruitful economic research. It describes the traits and methodology that made him such a productive and influential scholar.

This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit evolved non-monotonically in the course of human history. In early stages of development, risk-tolerant, growth promoting traits generated an evolution...

Dairy sires were ranked for overall merit by an average daughter's contribution to farm net profit. Biological characteristics of sires and economic factors of a dairy farm were linked by linear programming. Availability and constraints of resources were in the model. Average daughter's returns over variable costs attributable to sire proofs for several traits was the measure of sire's net meri...