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differential risk strategies as cultural style among farmers in the Lower Chubut Valley, Patagonia 1
Author(s) -
WILLIAMS GLYN
Publication year - 1977
Publication title -
american ethnologist
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.875
H-Index - 78
eISSN - 1548-1425
pISSN - 0094-0496
DOI - 10.1525/ae.1977.4.1.02a00040
Subject(s) - subsistence agriculture , diversification (marketing strategy) , welsh , function (biology) , agriculture , economics , microeconomics , geography , business , marketing , archaeology , biology , evolutionary biology
Individual behavior can be analyzed in terms of utility maximization. In some cases the utility function might consist of profits, while in others the function is more complex and requires a clear understanding of the cultural factors affecting the perception of utility. This paper tries to determine the utility function among Welsh farmers in the Lower Chubut Valley, Argentina. Although the subsistence level of Welsh agriculture inhibits growth and diversification, it also produces attitudes and strategies for maximizing security.