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Filtering by: Creator Lambert, David K. Subject Agriculture -- Economic aspects

Risk modeling using direct solution of expected utility maximization problems

Creator:

Lambert, David K.

Abstract:

A model of agricultural decision making is developed and tested in this thesis. The expected value of utility evaluated under alternative outcomes is directly maximized in a nonlinear programming model. Two features of the model distinguished it from traditional risk programming models. First, alternative attitudes towards the assumption of risk...

Resource Type:

Dissertation