ROBUSTNESS OF NON-PARAMETRIC MEASUREMENT OF EFFICIENCY AND RISK AVERSION

This paper examines the performance of a risk-adjusted non-parametric approach to measuring efficiency and risk aversion. Prior work is extended to the case where agent behavior is motivated by expected utility maximization. Results indicate the approach significantly outperforms traditional efficiency measurement methods when applied to risk averse agents.

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Year of publication:	2002
Authors:	Settlage, Daniel M. ; Preckel, Paul V.
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Risk and Uncertainty

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Extent:	application/pdf
Series:	2002 Annual meeting, July 28-31, Long Beach, CA.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2002 Annual meeting, July 28-31, Long Beach, CA Number 19765
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005460350