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Target Motad For Risk Lovers

Author

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  • McCamley, Francis P.
  • Rudel, Richard K.

Abstract

Although risk analyses of discrete alternatives often identify at least one efficient set for persons who prefer risk, preference for risk is usually ignored when the decision variables are continuous. This paper presents a version of Target MOTAD which can be used when there is preference for risk.

Suggested Citation

  • McCamley, Francis P. & Rudel, Richard K., 1999. "Target Motad For Risk Lovers," 1999 Annual Meeting, July 11-14, 1999, Fargo, ND 35723, Western Agricultural Economics Association.
    • Handle: RePEc:ags:waeafa:35723
    DOI: 10.22004/ag.econ.35723
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    File URL: https://ageconsearch.umn.edu/record/35723/files/sp99mc01.pdf
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    References listed on IDEAS

    as
    1. McCamley, F. P. & Kliebenstein, James, 1987. "Describing and Identifying the Complete Set of Target Motad Solutions," Staff General Research Papers Archive 10625, Iowa State University, Department of Economics.
    2. Love, Ross O. & Robison, Lindon J., 1984. "An Empirical Analysis Of The Intertemporal Stability Of Risk Preference," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 16(1), pages 1-7, July.
    3. Francis McCamley & James B. Kliebenstein, 1987. "Describing and Identifying the Complete Set of Target MOTAD Solutions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(3), pages 669-676.
    4. Larson, James A. & Mapp, Harry P., Jr., 1997. "Cotton Cultivar, Planting, Irrigating, And Harvesting Decisions Under Risk," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 22(1), pages 1-17, July.
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    Cited by:

    1. Rudel, Richard K. & McCamley, Francis P., 2000. "Target Motad For Risk Lovers: An Alternative Version," 2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia 36328, Western Agricultural Economics Association.

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    Keywords

    Risk and Uncertainty;

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