scholarly journals Generalized Expected Utility Analysis and the Nature of Observed Violations of the Independence Axiom

1983 ◽  
pp. 263-293 ◽  
Author(s):  
Mark J. Machina
Keyword(s):  
Expected Utility ◽  
Independence Axiom ◽  
Utility Analysis ◽  
Generalized Expected Utility

Expected utility analysis of infinite compound lotteries

2018 ◽  
Vol 48 (2) ◽  
pp. 112-138
Author(s):  
Jane Cullum ◽  
Natalia Nikolova ◽  
Kiril Tenekedjiev
Keyword(s):  
Expected Utility ◽  
Utility Analysis

scholarly journals Expected Utility Analysis of Stocker Cattle Ownership Versus Contract Grazing in the Southeast

2004 ◽  
Vol 36 (3) ◽  
pp. 719-730 ◽  
Author(s):  
John D. Anderson ◽  
Curt Lacy ◽  
Charlie S. Forrest ◽  
Randall D. Little
Keyword(s):  
Stochastic Simulation ◽  
Expected Utility ◽  
Expected Returns ◽  
Risk Averse ◽  
Utility Analysis ◽  
Stocker Cattle

Stocker cattle ownership is compared to contract grazing using stochastic simulation. Returns are evaluated for both cattle owners and caretakers in contract grazing agreements. For caretakers, contract grazing is significantly less risky than cattle ownership. Slightly to moderately risk-averse caretakers could be expected to prefer some type of contract grazing to direct ownership of cattle. For cattle owners, contracting reduces risk only slightly while significantly reducing expected returns.

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