MEAN-GINI ANALYSIS, STOCHASTIC EFFICIENCY AND WEAK RISK AVERSION

Stochastic dominance methods lately have been used to derive efficient strategies for given risk aversion intervals. A new decision approach, which makes use of the Gini coefficient, is shown to represent effectively the preferences of weakly risk averse individuals. The approach also has distinct advantages over stochastic dominance analysis. An application is provided of farmers' choices among alternative co-operative pooling rules.

MoreLess

Year of publication:	1984
Authors:	Buccola, Steven T. ; Subaei, Abdelbagi
Published in:	Australian Journal of Agricultural Economics. - Australian Agricultural and Resource Economics Society - AARES. - Vol. 28.1984, 02-03
Publisher:	Australian Agricultural and Resource Economics Society - AARES
Subject:	Risk and Uncertainty

More details

Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005805639