Risk Efficiency Approaches — Stochastic Dominance

Charles Moss

Chapter 7 in Risk, Uncertainty and the Agricultural Firm, 2010, pp 149-172 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:Stochastic DominanceThe Concept of an Efficiency CriteriaFirst-Degree Stochastic DominanceSecond-Degree Stochastic DominanceIncreasing RiskDefinition Based on Unanimous PreferenceMean Preserving SpreadRisk Aversion with Respect to a FunctionApplications of Stochastic DominanceSummary

Keywords: Agricultural Economics; Decision Making under Uncertainty; Agricultural and Resource Policy; Proprietary Firms; Applied Finance (search for similar items in EconPapers)
Date: 2010
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