Anomaly in decision making under risk: Violation of stochastic dominance among farmers in Gujarat, India

Anomaly in decision making under risk: Violation of stochastic dominance among farmers in Gujarat, India

We investigate farmers’ decision making under risk by eliciting their willingness to pay for hypothetical risky income distributions. We also investigate whether farmers behave differently to price and yield risk. To do so, we present the risky income distributions as those with constant price and v...

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Bibliographic Details
Main Authors: Thiagu Ranganathan, Sarthak Gaurav, Ashish Singh
Format: Article
Language:English
Published: Elsevier 2018-09-01
Series:IIMB Management Review
Online Access:http://www.sciencedirect.com/science/article/pii/S0970389618302441

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