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Target Motad For Risk Lovers: An Alternative Version

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  • Rudel, Richard K.
  • McCamley, Francis P.

Abstract

An earlier paper presented a direct expected utility maximization version of Target MOTAD for risk lovers. This paper presents an indirect expected utility maximization version which is more like Tauer's Target MOTAD model. This alternative version is illustrated by applying it to the same problem which Tauer considered.

Suggested Citation

  • Rudel, Richard K. & McCamley, Francis P., 2000. "Target Motad For Risk Lovers: An Alternative Version," 2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia 36328, Western Agricultural Economics Association.
    • Handle: RePEc:ags:waeava:36328
    DOI: 10.22004/ag.econ.36328
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    References listed on IDEAS

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    1. P. B. R. Hazell, 1971. "A Linear Alternative to Quadratic and Semivariance Programming for Farm Planning under Uncertainty," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(1), pages 53-62.
    2. P. B. R. Hazell, 1971. "A Linear Alternative to Quadratic and Semivariance Programming for Farm Planning under Uncertainty: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(4), pages 664-665.
    3. Robert P. King & George E. Oamek, 1983. "Risk Management by Colorado Dryland Wheat Farmers and the Elimination of the Disaster Assistance Program," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(2), pages 247-255.
    4. Love, Ross O. & Robison, Lindon J., 1984. "An Empirical Analysis Of The Intertemporal Stability Of Risk Preference," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 16(01), pages 1-7, July.
    5. repec:ags:agsaem:288652 is not listed on IDEAS
    6. McCamley, Francis P. & Rudel, Richard K., 1999. "Target Motad For Risk Lovers," 1999 Annual Meeting, July 11-14, 1999, Fargo, ND 35723, Western Agricultural Economics Association.
    7. Larson, James A. & Mapp, Harry P., Jr., 1997. "Cotton Cultivar, Planting, Irrigating, And Harvesting Decisions Under Risk," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 22(01), pages 1-17, July.
    8. Anderson, Jock R. & Feder, Gershon, 2007. "Agricultural Extension," Handbook of Agricultural Economics, in: Robert Evenson & Prabhu Pingali (ed.), Handbook of Agricultural Economics, edition 1, volume 3, chapter 44, pages 2343-2378, Elsevier.
    9. Friedman, David, 1981. "Why There are no Risk Preferrers," Journal of Political Economy, University of Chicago Press, vol. 89(3), pages 600-600, June.
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    Cited by:

    1. Kalashami, Mohammad Kavoosi & Sabbagi, Mohammad Aghapour & Alipour, Hamid Reza, 2011. "Using Probabilistic-Risky Programming Models in Identifying Optimized Pattern of Cultivation under Risk Conditions (Case Study: Shoshtar Region)," International Journal of Agricultural Management and Development (IJAMAD), Iranian Association of Agricultural Economics, vol. 1(01), pages 1-9, March.

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