MEAN-GINI ANALYSIS, STOCHASTIC EFFICIENCY AND WEAK RISK AVERSION

Steven T. Buccola and Abdelbagi Subaei

Australian Journal of Agricultural Economics, 1984, vol. 28, issue 2-3, 10

Abstract: Stochastic dominance methods lately have been used to derive efficient strategies for given risk aversion intervals. A new decision approach, which makes use of the Gini coefficient, is shown to represent effectively the preferences of weakly risk averse individuals. The approach also has distinct advantages over stochastic dominance analysis. An application is provided of farmers' choices among alternative co-operative pooling rules.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Date: 1984
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:22431

DOI: 10.22004/ag.econ.22431

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