DESCRIBING AND IDENTIFYING THE COMPLETE SET OF STOCHASTICALLY EFFICIENT MIXTURES OF RISKY ALTERNATIVES*

Francis McCamley and James B. Kliebenstein

No 278551, 1985 Annual Meeting, August 4-7, Ames, Iowa from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Target MOTAD illustrates one strategy for computing stochastically efficient mixtures. For many applications, it may be the best method. However, it does not always identify all stochastically efficient mixtures. A method which can do this is proposed. It is explained by applying it to data from Anderson, Dillon and Hardaker.

Keywords: Research Methods/Statistical Methods; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 16
Date: 1985-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea85:278551

DOI: 10.22004/ag.econ.278551

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