PREFERENCE AMONG RISKY PROSPECTS UNDER CONSTANT RISK AVERSION

Risk analyses often require a measure of individual risk aversion. Here a procedure is presented to calculate risk aversion parameter ranges wherein individuals would exhibit preference among a set of risky prospects.

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Year of publication:	1988
Authors:	McCarl, Bruce A.
Published in:	Southern Journal of Agricultural Economics. - Southern Agricultural Economics Association - SAEA. - Vol. 20.1988, 02
Publisher:	Southern Agricultural Economics Association - SAEA
Subject:	Risk and Uncertainty

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

Persistent link: https://www.econbiz.de/10005460068