EFFICIENCY CRITERIA AND RISK AVERSION: AN EMPIRICAL EVALUATION
| dc.creator | Wetzstein, Michael E. | |
| dc.creator | Szmedra, Philip I. | |
| dc.creator | McClendon, Ronald W. | |
| dc.creator | Edwards, David M. | |
| dc.date | 2017-04-01T19:27:26Z | |
| dc.date.accessioned | 2026-07-09T04:06:21Z | |
| dc.description | A conceptual link among mean-variance (EV), stochastic dominance (SD), and mean-risk (ET), and Gini mean difference (EG) is established for determining risk efficient decision sets. The theoretical relations among the various efficiency criteria are then empirically demonstrated with a soybean and wheat double-crop simulation model. Empirical results associated with extended Gini mean difference (EEG) and extended mean-absolute Gini (EET) for risk analysis are encouraging. | |
| dc.identifier | doi:10.22004/ag.econ.29716 | |
| dc.identifier | https://ageconsearch.umn.edu/record/29716/files/20010171.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/29716 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/544886 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/29716 | |
| dc.title | EFFICIENCY CRITERIA AND RISK AVERSION: AN EMPIRICAL EVALUATION | |
| dc.type | Text |