文章基本信息

标题：Analysis of Uncertainty as Opposed to Risk: An Experimental Approach
本地全文：下载
作者：Anand, Paul
期刊名称：Journal of Agribusiness
印刷版ISSN：0738-8950
出版年度：1990
页码：145-163
出版社：Journal of Agribusiness
摘要：The paper mustrates the scope for enhancing the conceptual apparatus used by agricultural economists to analyse decision-making under conditions of uncertainty. Selected empirical results from experiments on student subjects from three universities are reported. Three issues are considered. First, the reasons for choice and the understanding of a choice problem are examined. Second, attitudes towards different levels of uncertainty are measured. Third, the possibility that apparently non-normative psychological factors influence choice is explored. The paper serves to illustrate and support a number of methodological points. The major points are that a risk-uncertainty distinction is useful (contrary to the aging conventional wisdom of economic theory), that laboratory experiments can potentially provide data of use to agricultural economists, and that predictive models of choice under uncertainty may be more accurate if they take account of psychological variables which influence the decision-making processes of human subjects.