TY  - CPAPER 
AB  - Conditions are developed for the theoretically sound use of discontinuous utility functions to represent behavior under risk. The dangers of spurious use of discontinuous utility in (1) empirical studies and (2) cases in which a riskless asset is available, are highlighted. Related problems in the agricultural economics literature are discussed.
AU  - Weiss, Michael D.
DA  - 1985-08
DA  - 1985-08
DO  - 10.22004/ag.econ.278524
DO  - doi
ID  - 278524
KW  - Agricultural and Food Policy
KW  - Risk and Uncertainty
L1  - https://ageconsearch.umn.edu/record/278524/files/aaea-1985-016.pdf
L2  - https://ageconsearch.umn.edu/record/278524/files/aaea-1985-016.pdf
L4  - https://ageconsearch.umn.edu/record/278524/files/aaea-1985-016.pdf
LA  - eng
LA  - English
LK  - https://ageconsearch.umn.edu/record/278524/files/aaea-1985-016.pdf
N2  - Conditions are developed for the theoretically sound use of discontinuous utility functions to represent behavior under risk. The dangers of spurious use of discontinuous utility in (1) empirical studies and (2) cases in which a riskless asset is available, are highlighted. Related problems in the agricultural economics literature are discussed.
PY  - 1985-08
PY  - 1985-08
T1  - DISCONTINUOUS UTILITY IN AGRICULTURAL RISK MODELING
TI  - DISCONTINUOUS UTILITY IN AGRICULTURAL RISK MODELING
UR  - https://ageconsearch.umn.edu/record/278524/files/aaea-1985-016.pdf
Y1  - 1985-08
ER  -