Farmers' Subjective Yield Distributions: Calibration and Implications for Crop Insurance Valuation

This paper examines the role of overconfidence in explaining farmer crop insurance purchasing decisions. The authors hypothesize that overconfidence could influence the participation decision and test this hypothesis. The preliminary results indicate that farmers are overconfident; however, the relationship between overconfidence and the insurance use remains uncertain.


Issue Date:
2005
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/19396
Total Pages:
42
Series Statement:
Selected Paper 136890




 Record created 2017-04-01, last modified 2017-08-22

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