AN EVALUATION OF SELECTED DECISION MODELS: A CASE OF CROP CHOICE IN NORTHERN THAILAND

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dc.creatorVieth, Gary R.
dc.creatorSuppapanya, Pramote
dc.date2017-04-01T19:54:43Z
dc.date.accessioned2026-07-09T03:13:09Z
dc.descriptionThis research examines the predictability of a profit maximization model, an expected value-variance utility maximization (E-V) model, and two versions of the target-MOTAD model for modeling risky agricultural production decisions. Model solutions were translated into expected value and variance of farm income for analysis. Direct comparison and chi-square analysis of actual and predicted expected income distributions were used in the analyses. It was concluded that the utility maximization and cash-cost target-MOTAD models predicted distributions of farm income better than the variable-cost target-MOTAD and profit maximization models.
dc.identifierdoi:10.22004/ag.econ.15128
dc.identifierhttps://ageconsearch.umn.edu/record/15128/files/28020381.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/15128
dc.identifier.urihttp://hdl.handle.net/123456789/528663
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/15128
dc.titleAN EVALUATION OF SELECTED DECISION MODELS: A CASE OF CROP CHOICE IN NORTHERN THAILAND
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