Testing For Decreasing Risk Aversion In Traditional Farming: The Case Of Sudan

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Date
1995
Authors
Rashid M. H
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Abstract
A risk programming model was used to measure the degree of risk aversion for various income groups and test the hypothesis of decreasing risk aversion (ORA) in the traditional farming sector of the Sudan. The results support the behavioural assumption of DRA. The study, however, did not provide enough evidence to support the hypothesis that household subsistence requirements directly influence production decisions and dictate the optimal cropping mix in traditional farming.
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East African Agricultural And Forestry Journal, 61 (no1), p. 39-45