APPROXIMATING A GSD-EFFICIENT SET OF MIXTURES OF RISKY ALTERNATIVES FOR RISK AVERSE DECISION MAKERS

Conditions for a restricted version of GSD-efficiency of mixtures of risky alternatives are reviewed. These conditions and other characteristics of the (restricted) GSD-efficient set form the basis of a tentative procedure for approximating this efficient set. Hazell's data are used to illustrate a critical aspect of the procedure.


Issue Date:
Aug 01 1988
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/270301
Language:
English
Total Pages:
16




 Record created 2018-03-30, last modified 2020-10-28

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