APPROXIMATING A GSD-EFFICIENT SET OF MIXTURES OF RISKY ALTERNATIVES FOR RISK AVERSE DECISION MAKERS
McCamley, Francis
1988

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Abstract

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.

Details

Title APPROXIMATING A GSD-EFFICIENT SET OF MIXTURES OF RISKY ALTERNATIVES FOR RISK AVERSE DECISION MAKERS
Author(s) McCamley, Francis
Subject(s)
Issue Date Aug 01 1988
Publication Type Conference Paper/ Presentation
DOI and Other Identifiers 10.22004/ag.econ.270301
Record Identifier https://ageconsearch.umn.edu/record/270301
Language English
Total Pages 16
Record Appears in Agricultural and Applied Economics Association (AAEA) > Agricultural and Applied Economics Association (AAEA) Conferences > 1988 Annual Meeting, August 1-3, Knoxville, Tennessee

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