You are here

risk attitude

Catalogue: GRDC Updates
Over the last 10 years farm income per hectare increased about 50 % it is offset by an increase in cost per hectare of crop inputs, machinery and finance... The increase in farm costs, when combined with increased seasonal income volatility, results in tighter financial margins per hectare and increases the complexity of decision making... The ORM data included 14 Victorian Mallee farms and showed that over the last 10 years their income had increased and costs had doubled while the surplus remained similar...
Related categories:
Catalogue: GRDC Factsheets
A risk profile describes the combination of a business's ability to incur risk and an individual's personal risk attitude... Wary or risk averse individuals tend to avoid taking risks, they choose outcomes that provide safety and security and feel that other options are likely to be fraught with uncertainty and loss... in order to make more effective decisions in risky situations, individuals should: limit reliance on bias-prone assumptions and estimates by conducting research and consulting with experts and knowledgeable individuals; understand factors that influence different reactions to risk; and isolate potential sources of bias, and be aware when these biases are influencing a decision...
Related categories:
Catalogue: GRDC Factsheets
A risk profile describes the combination of a business's ability to incur risk and an individual's personal risk attitude... Wary or risk averse individuals tend to avoid taking risks, they choose outcomes that provide safety and security and feel that other options are likely to be fraught with uncertainty and loss... in order to make more effective decisions in risky situations, individuals should: limit reliance on bias-prone assumptions and estimates by conducting research and consulting with experts and knowledgeable individuals; understand factors that influence different reactions to risk; and isolate potential sources of bias, and be aware when these biases are influencing a decision...
Related categories:
Catalogue: GRDC Factsheets
A risk profile describes the combination of a business's ability to incur risk and an individual's personal risk attitude... Wary or risk averse individuals tend to avoid taking risks, they choose outcomes that provide safety and security and feel that other options are likely to be fraught with uncertainty and loss... in order to make more effective decisions in risky situations, individuals should: limit reliance on bias-prone assumptions and estimates by conducting research and consulting with experts and knowledgeable individuals; understand factors that influence different reactions to risk; and isolate potential sources of bias, and be aware when these biases are influencing a decision...
Related categories: