Skip to main content

Table 4 Estimation of the constant relative risk aversion (CRRA) coefficient (N = 142)

From: What is your discount rate? Experimental evidence of foresters’ risk and time preferences

Variable

Coefficient

Standard error

p-value

95% confidence interval

 

CRRA value r

0.584

0.105

< 0.001

0.378

0.790

***

Noise parameter μ

0.220

0.047

< 0.001

0.127

0.313

***

  1. .p < 0.1, * p < 0.05, ** p < 0.01, *** p < 0.001
Back to article page

Annals of Forest Science

ISSN: 1297-966X