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Preference Among Risky Prospects Under Constant Risk Aversion

Published online by Cambridge University Press:  28 April 2015

Bruce A. McCarl
Bruce A. McCarl*
Affiliation:
Agricultural Economics at Texas A&M University
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Abstract

Risk analyses often require a measure of individual risk aversion. Here a procedure is presented to calculate risk aversion parameter ranges wherein individuals would exhibit preference among a set of risky prospects.

Keywords

expected utilityrisk aversion coefficient
Type
Submitted Articles
Information
Journal of Agricultural and Applied Economics , Volume 20 , Issue 2 , December 1988 , pp. 25 - 34
Copyright
Copyright © Southern Agricultural Economics Association 1988

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