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Two Moment Decision Models And Expected Utility Maximization: Some Implications For Applied Research

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  • Meyer, Jack

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  • Meyer, Jack, 1988. "Two Moment Decision Models And Expected Utility Maximization: Some Implications For Applied Research," Regional Research Projects > 1988: S-180 Annual Meeting, March 20-23, 1988, Savannah, Georgia 272846, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    • Handle: RePEc:ags:rrsr88:272846
    DOI: 10.22004/ag.econ.272846
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    References listed on IDEAS

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    1. D. Cass & J. E. Stiglitz, 1972. "Risk Aversion and Wealth Effects on Portfolios with Many Assets," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 39(3), pages 331-354.
    2. M. S. Feldstein, 1969. "Mean-Variance Analysis in the Theory of Liquidity Preference and Portfolio Selection," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 36(1), pages 5-12.
    3. Chamberlain, Gary, 1983. "A characterization of the distributions that imply mean--Variance utility functions," Journal of Economic Theory, Elsevier, vol. 29(1), pages 185-201, February.
    4. J. Tobin, 1958. "Liquidity Preference as Behavior Towards Risk," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 25(2), pages 65-86.
    5. Rothschild, Michael & Stiglitz, Joseph E., 1970. "Increasing risk: I. A definition," Journal of Economic Theory, Elsevier, vol. 2(3), pages 225-243, September.
    6. Meyer, Jack, 1987. "Two-moment Decision Models and Expected Utility Maximization," American Economic Review, American Economic Association, vol. 77(3), pages 421-430, June.
    7. Baron, David P, 1977. "On the Utility Theoretic Foundations of Mean-Variance Analysis," Journal of Finance, American Finance Association, vol. 32(5), pages 1683-1697, December.
    8. John S. Chipman, 1973. "The Ordering of Portfolios in Terms of Mean and Variance," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 40(2), pages 167-190.
    9. Adler, Michael, 1969. "On the Risk-Return Trade-off in the Valuation of Assets†," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 4(4), pages 493-512, December.
    10. Sandmo, Agnar, 1971. "On the Theory of the Competitive Firm under Price Uncertainty," American Economic Review, American Economic Association, vol. 61(1), pages 65-73, March.
    11. Stein, William & Pfaffenberger, Roger & Kumar, P. C., 1983. "On the Estimation Risk in First-Order Stochastic Dominance: A Note," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 18(4), pages 471-476, December.
    12. Rulon D. Pope & Rod F. Ziemer, 1984. "Stochastic Efficiency, Normality, and Sampling Errors in Agricultural Risk Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(1), pages 31-40.
    13. Cass, David & Stiglitz, Joseph E., 1970. "The structure of investor preferences and asset returns, and separability in portfolio allocation: A contribution to the pure theory of mutual funds," Journal of Economic Theory, Elsevier, vol. 2(2), pages 122-160, June.
    14. Gershon Feder & Richard E. Just & Andrew Schmitz, 1980. "Futures Markets and the Theory of the Firm under Price Uncertainty," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 94(2), pages 317-328.
    15. Peter C. Fishburn & R. Burr Porter, 1976. "Optimal Portfolios with One Safe and One Risky Asset: Effects of Changes in Rate of Return and Risk," Management Science, INFORMS, vol. 22(10), pages 1064-1073, June.
    16. Holthausen, Duncan M, 1979. "Hedging and the Competitive Firm under Price Uncertainty," American Economic Review, American Economic Association, vol. 69(5), pages 989-995, December.
    17. Jack Meyer & Lindon J. Robison, 1988. "Hedging Under Output Price Randomness," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(2), pages 268-272.
    18. Feder, Gershon, 1977. "The impact of uncertainty in a class of objective functions," Journal of Economic Theory, Elsevier, vol. 16(2), pages 504-512, December.
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    Cited by:

    1. Legg, Thomas D., 1989. "Capital Decisions With Temporal Resolution Of Uncertainty: A Mean-Variance Approach," Staff Papers 13597, University of Minnesota, Department of Applied Economics.
    2. Swinton, Scott M. & Jones, Kezelee Q., 1998. "From Data To Information: The Value Of Sampling Vs. Sensing Soil Data," Staff Paper Series 11674, Michigan State University, Department of Agricultural, Food, and Resource Economics.

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