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文章基本信息

  • 标题:Beyond Expected Utility: Risk Concepts for Agriculture from a Contemporary Mathmatical Perspective
  • 本地全文:下载
  • 作者:Weiss, Michael D.
  • 期刊名称:Journal of Food Distribution Research
  • 印刷版ISSN:0047-245X
  • 出版年度:1992
  • 期号:SUPPL
  • 出版社:Food Distribution Research Society
  • 摘要:Expected utility theory, the most prominent economic model of how individuals choose among alternative rists, exhibits serious deficiencies in describing empirically observed behavior. Consequently, economists are actively searching for a new paradigm to describe behavior under risk. Their mathematical tools, such as functional analysis and measure theory, reflect a new, more sophisticated approach to risk. This article describes the new approach, explains several of the mathematical concepts used, and indicates some of their connections to agricultural modeling.
  • 关键词:Individual choice under risk;expected utility theory;risk preference ordering;utility function on a lottery space;Frechet differentiability;random function;random field
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