OPTIMAL AGRICULTURAL PEST MANAGEMENT WITH MULTIPLE SPECIES

Agricultural and Food Policy, Resource /Energy Economics and Policy,

CLASSIFICATION OF RISK PREFERENCES WITH ELICITED UTILITY DATA: DOES FUNCTIONAL FORM MATTER?

Recently, several problems with elicited utility functions have emerged. This paper concerns a fundamental problem in risk preference classification with elicited data. For the sample in this research, different functional forms resulted in reversals in preference classifications. This paper suggests that preference classifications must be interpreted with caution.Research Methods/ Statistical Methods,

CLASSIFICATION OF RISK PREFERENCES WITH ELICITED UTILITY DATA: DOES FUNCTIONAL FORM MATTER?

Recently, several problems with elicited utility functions have emerged. This paper concerns a fundamental problem in risk preference classification with elicited data. For the sample in this research, different functional forms resulted in reversals in preference classifications. This paper suggests that preference classifications must be interpreted with caution