A Study on Farmers Decision Making under Uncertainty

불확실성하(不確實性下)의 영농의사결정(營農意思決定)에 관한 연구(硏究)

This paper aims to identify the farmers decision making under uncertainty. Qiuite a few studies have been done on the farmers decision making without uncertainty, but few studies have been made to see farmers decision making under uncertainty in Korea. There are many ways to avoid risks or uncertainty, Wald, Savage, Hurwicz, Laplace, Agrawl-Heady etc. are studied in this field. Fourty farmers were selected as samples. Among those half are the suburbs, and the other half are rural farmers. The results of this study are summarized as follows; First, the suburb farmers are more profit pursuit farmers. Second, not only the rural farmers but the suburb farmers are concerned more safety rather than output maximization. Third, the subsistence farmers and semi-commercial farmers are decided by Wald criterion, but the commercial farmers are decided by Savage or Laplace criterion. Fourth, information is very important in farmers decision making, but the creditability is far from satisfactory to the farmers.