Construct · 1 fields · 1 citations

safety-first rule: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
safety-firstrule1 CONSTRUCTSafety-first ruleROY · AGRICULTURAL ECONOMICS

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Agricultural economics

a decision rule in which a risk-averse producer chooses the option that minimizes the probability of income falling below a disaster level.

In agricultural economics, safety-first rule refers to a decision rule in which a risk-averse producer chooses the option that minimizes the probability of income falling below a disaster level. This meaning comes from Roy (1952) in Econometrica.[1]

Unit
Recovery means
Measured by

Next

Run it through the Collider, or take the citations with you.

See how safety-first rule sits against neighbouring constructs in the Collider, or export every reference on this page in one click.

Open in ColliderExport BibTeXReport this entry

Nearby constructs

level1 fields · 1 citationsanchor · a standalone constructoption4 fields · 9 citationsjingle · one word, four constructs

References

  1. Roy, A. D. (1952). Safety First and the Holding of Assets. Econometrica, 20(3), 431. https://doi.org/10.2307/1907413

Cited on this page?

Confirm your construct, or correct us.

If your work is cited behind one of these entries, you know better than we do whether we captured the meaning right. Confirm it, suggest an edit, or dispute it, and your name goes on the entry as an author who has checked it, linked to your ORCID.

Claim your construct