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oai:www.ideals.illinois.edu:2142/14270 2023-07-10 col_2142_13851 col_2142_5131 com_2142_684 com_2142_397 com_2142_5130

Sherrick, Bruce J. Garcia, Philip Irwin, Scott H. Schnitkey, Gary D. Pollet, Joshua Umarov, Alisher 2009-11-19T22:11:22Z 2009-11-19T22:11:22Z 2009-10 The purpose of this dissertation is to examine further the factors that influence farmers’ decisions to participate in crop insurance programs. The factors considered are RMA rules and farmers’ yield perceptions. In particular, the first paper examined the role of Risk Management Agency’s (RMA) APH calculation rules on the performance, participation, and risk protection level of actual producer history (APH) insurance. The second and third papers examined the presence of behavioral biases, such as miscalibration and better-than-average (BTA) effect in farmers’ perceptions, and related these biases to the participation. Examination of RMA rules that omit trend and sample size variability revealed that the current rules create a significant lag in yields, leading to the lower protection levels under APH yields. Results from the second and third papers showed presence of the BTA effect in directly elicited yields while revealing no such relationship for yield elicited under probabilistic framework. However, the econometric results showed no relationship between subjective yields and crop insurance purchase, suggesting that the BTA effect could be due to the elicitation format. not peer reviewed Submitted by Linda Foste (l-foste@illinois.edu) on 2009-11-19T22:11:22Z No. of bitstreams: 1 Umarov_Alisher.pdf: 1445047 bytes, checksum: 7d98f8dc207c7815171fc3efa9a789d3 (MD5) Made available in DSpace on 2009-11-19T22:11:22Z (GMT). No. of bitstreams: 1 Umarov_Alisher.pdf: 1445047 bytes, checksum: 7d98f8dc207c7815171fc3efa9a789d3 (MD5) Previous issue date: 2009-10 unpublished http://hdl.handle.net/2142/14270 eng Copyright 2009 Alisher Umarov crop insurance overconfidence RMA rules Three Essays on Crop Insurance: RMA's Rules and Participation, and Perceptions Dissertation / Thesis text Agricultural and Consumer Economics Agricultural and Consumer Economics University of Illinois at Urbana-Champaign Dissertation Ph.D.