STOCHASTIC DOMINANCE OVER CORRELATED PROSPECTS

Bruce McCarl, James B. Hastle and James Wilson

No 278146, 1986 Annual Meeting, July 27-30, Reno, Nevada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A difficulty occurs in stochastic dominance applications when alternatives are not mutually exclusive and mixed prospects may be formed. Exhaustive examination of all possible mixed prospects is often impractical. In this paper, rules are derived and tested for deciding when and to what extent mixed prospects should be examined.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Pages: 15
Date: 1986-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea86:278146

DOI: 10.22004/ag.econ.278146

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