Please use this identifier to cite or link to this item:
https://hdl.handle.net/1959.11/5728
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Hardaker, J Brian | en |
dc.contributor.author | Richardson, James W | en |
dc.contributor.author | Lien, Gudbrand | en |
dc.contributor.author | Schumann, Keith D | en |
dc.date.accessioned | 2010-04-29T09:02:00Z | - |
dc.date.issued | 2004 | - |
dc.identifier.citation | The Australian Journal of Agricultural and Resource Economics, 48(2), p. 253-270 | en |
dc.identifier.issn | 1467-8489 | en |
dc.identifier.issn | 1364-985X | en |
dc.identifier.uri | https://hdl.handle.net/1959.11/5728 | - |
dc.description.abstract | A method of stochastic dominance analysis with respect to a function (SDRF) is described and illustrated. The method, called stochastic efficiency with respect to a function (SERF), orders a set of risky alternatives in terms of certainty equivalents for a specified range of attitudes to risk. It can be applied for conforming utility functions with risk attitudes defined by corresponding ranges of absolute, relative or partial risk aversion coefficients. Unlike conventional SDRF, SERF involves comparing each alternative with all the other alternatives simultaneously, not pairwise, and hence can produce a smaller efficient set than that found by simple pairwise SDRF over the same range of risk attitudes. Moreover, the method can be implemented in a simple spreadsheet with no special software needed. | en |
dc.language | en | en |
dc.publisher | Wiley-Blackwell Publishing Asia | en |
dc.relation.ispartof | The Australian Journal of Agricultural and Resource Economics | en |
dc.title | Stochastic efficiency analysis with risk aversion bounds: a simplified approach | en |
dc.type | Journal Article | en |
dc.identifier.doi | 10.1111/j.1467-8489.2004.00239.x | en |
dc.subject.keywords | Agricultural Economics | en |
local.contributor.firstname | J Brian | en |
local.contributor.firstname | James W | en |
local.contributor.firstname | Gudbrand | en |
local.contributor.firstname | Keith D | en |
local.subject.for2008 | 140201 Agricultural Economics | en |
local.subject.seo2008 | 919999 Economic Framework not elsewhere classified | en |
local.profile.school | Economics | en |
local.profile.school | Economics | en |
local.profile.school | Economics | en |
local.profile.school | Economics | en |
local.profile.email | bhardake@une.edu.au | en |
local.output.category | C1 | en |
local.record.place | au | en |
local.record.institution | University of New England | en |
local.identifier.epublicationsrecord | une-20100423-174944 | en |
local.publisher.place | Australia | en |
local.format.startpage | 253 | en |
local.format.endpage | 270 | en |
local.identifier.scopusid | 3242878948 | en |
local.peerreviewed | Yes | en |
local.identifier.volume | 48 | en |
local.identifier.issue | 2 | en |
local.title.subtitle | a simplified approach | en |
local.contributor.lastname | Hardaker | en |
local.contributor.lastname | Richardson | en |
local.contributor.lastname | Lien | en |
local.contributor.lastname | Schumann | en |
dc.identifier.staff | une-id:bhardake | en |
local.profile.role | author | en |
local.profile.role | author | en |
local.profile.role | author | en |
local.profile.role | author | en |
local.identifier.unepublicationid | une:5867 | en |
dc.identifier.academiclevel | Academic | en |
local.title.maintitle | Stochastic efficiency analysis with risk aversion bounds | en |
local.output.categorydescription | C1 Refereed Article in a Scholarly Journal | en |
local.search.author | Hardaker, J Brian | en |
local.search.author | Richardson, James W | en |
local.search.author | Lien, Gudbrand | en |
local.search.author | Schumann, Keith D | en |
local.uneassociation | Unknown | en |
local.year.published | 2004 | - |
Appears in Collections: | Journal Article |
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