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,

Beliefs of Farmers and Adoption of Integrated Pest Management

Georgia peanut farmers have adopted Integrated pest management (lPM) on only a limited basis, although objective data indicate that IPM technology may be more efficient than conventional pest control strategies Users and nonusers of IPM hold different views pertaining to the consequences of employing IPM These beliefs Influence Its use Educational programs on these beliefs should Influence adoption and continued use of IPM This article analyzes belief data pertaining to IPM among 192 Georgia ,peanut farmers and explores the relationship between beliefs about IPM and its adoptio

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