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• W2056632227 abstract "Risk research has not convinced many of its importance due to a focus on problems where risk is likely less important. Data availability has influenced problem choice and explains excessive focus on short-run problems with temporal and spatial aggregation. Issues of long-term risk, which depend on serial correlation and farm failure, are likely more important. Standard assumptions of additive separability are absurd for such problems. Major self-imposed constraints on risk research are methodological and related to the heavy recent emphasis on duality and nonparametric approaches. Both movements have been counterproductive from the standpoint of risk research because standard applications have ignored risk aversion. Conditions of profit maximization are not tested but simply assumed. Some dual approaches can be generalized but little has been done to date and much of the convenience is lost under risk aversion. A comprehensive data base is crucial for uncovering behavior that goes beyond standard methodologies." @default.
• W2056632227 created "2016-06-24" @default.
• W2056632227 creator A5090524019 @default.
• W2056632227 date "2003-02-01" @default.
• W2056632227 modified "2023-10-18" @default.
• W2056632227 title "Risk research in agricultural economics: opportunities and challenges for the next twenty-five years" @default.
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• W2056632227 doi "https://doi.org/10.1016/s0308-521x(02)00063-x" @default.
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