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Keywords: Overconfidence
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Journal Articles
The effects of overconfident yield forecasting on cross-coverage level crop insurance demand
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Journal:
Agricultural Finance Review
Agricultural Finance Review (2022) 82 (4): 657–674.
Published: 25 August 2021
...Clayton P. Michaud Purpose This paper examines the effect of overconfident yield forecasting (optimism bias) on crop insurance coverage level choices across both yield and revenue insurance. Design/methodology/approach This study simulates a representative producer’s preferred coverage level...
