Advanced Search
MyIDEAS: Login

Preference Among Risky Prospects Under Constant Risk Aversion

Contents:

Author Info

  • McCarl, Bruce A.

Abstract

Risk analyses often require a measure of individual risk aversion. Here a procedure is presented to calculate risk aversion parameter ranges wherein individuals would exhibit preference among a set of risky prospects.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://purl.umn.edu/29266
Download Restriction: no

Bibliographic Info

Article provided by Southern Agricultural Economics Association in its journal Southern Journal of Agricultural Economics.

Volume (Year): 20 (1988)
Issue (Month): 02 (December)
Pages:

as in new window
Handle: RePEc:ags:sojoae:29266

Contact details of provider:
Web page: http://www.saea.org/jaae/jaae.htm
More information through EDIRC

Related research

Keywords: Risk and Uncertainty;

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. McCarl, Bruce A. & Bessler, David A., 1989. "Estimating An Upper Bound On The Pratt Risk A Version Coefficient When The Utility Function Is Unknown," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 33(01), April.
  2. McCarl, Bruce A., 1990. "Generalized Stochastic Dominance: An Empirical Examination," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(02), December.
  3. Tauer, Loren W., 1999. "Life Insurance Funding of Buy-Sell Arrangements in Small Businesses," Working Papers 14733, Cornell University, Department of Applied Economics and Management.
  4. Meyer, Jack, 1977. "Choice among distributions," Journal of Economic Theory, Elsevier, vol. 14(2), pages 326-336, April.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Farquharson, Robert J. & Cacho, Oscar J. & Turpin, J.E., 2000. "Agricultural response analysis in a longer term framework," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123634, Australian Agricultural and Resource Economics Society.
  2. Elrod, Christopher P. & Robinson, John R.C. & Richardson, James W., 2008. "Simulation of Alternative Marketing Strategies for U.S. Cotton," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6885, Southern Agricultural Economics Association.
  3. Baker, Timothy G. & Gloy, Brent A., 2001. "The Importance Of Financial Leverage And Risk Aversion In Risk Management Strategy Selection," Proceedings: 2001 Regional Committee NC-221, October 1-2, 2001, McLean, Virginia 132391, Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition.
  4. Jack Meyer & James W. Richardson & Keith D. Schumann, 2009. "Stochastic efficiency analysis with risk aversion bounds: a correction," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 53(4), pages 521-525, October.
  5. Leatham, David J. & McCarl, Bruce A. & Richardson, James W., 1987. "Implications Of Crop Insurance For Farmers And Lenders," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 19(02), December.
  6. Hardaker, J. Brian & Richardson, James W. & Lien, Gudbrand D. & Schumann, Keith D., 2004. "Stochastic efficiency analysis with risk aversion bounds: a simplified approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(2), June.
  7. Devkota, Shankar & Holcomb, Rodney B. & Taylor, Merritt J. & Epplin, Francis M., 2006. "Economically Feasible Crop Production Alternatives to Peanuts in Southwestern Oklahoma," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35377, Southern Agricultural Economics Association.
  8. McCarl, Bruce A. & Bessler, David A., 1989. "Estimating An Upper Bound On The Pratt Risk A Version Coefficient When The Utility Function Is Unknown," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 33(01), April.
  9. McCarl, Bruce A., 1990. "Generalized Stochastic Dominance: An Empirical Examination," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(02), December.
  10. Hardaker, J. Brian & Lien, Gudbrand D., 2003. "Stochastic Efficiency Analysis With Risk Aversion Bounds: A Simplified Approach," Working Papers 12954, University of New England, School of Economics.
  11. Ritchie, John W. & Abawi, G. Yahya & Dutta, Sunil C. & Harris, Trevor R. & Bange, Michael, 2004. "Risk management strategies using seasonal climate forecasting in irrigated cotton production: a tale of stochastic dominance," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(1), March.
  12. Upadhyay, Bharat Mani & Smith, Elwin G. & Clayton, George & Harker, Neil, 2004. "Risk Efficiency Of Alternate Canola Management Decisions," NAREA-CAES Conference, June 20-23, 2004, Halifax, Nova Scotia 34193, Canadian Agricultural Economics Society & Northeastern Agricultural and Resource Economics Association.
  13. Lau, Michael H. & Richardson, James W. & Outlaw, Joe L. & Fuller, Stephen W. & Nixon, Clair J. & Herbst, Brian K., 2004. "Location Of A Mixalco Production Facility With Respect To Economic Viability," 2004 Annual meeting, August 1-4, Denver, CO 20025, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:ags:sojoae:29266. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.