The introduction of risk into a programming model: different criteria and actual behaviour of farmers.
The introduction of risk into a programming model: different criteria and actual behaviour of farmers.
复制标题
将风险引入规划模型:不同的标准和农民的实际行为。
DOI:
10.1016/0014-2921(69)90019-1
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发表时间:
1969
期刊:
影响因子:
--
通讯作者:
J. Boussard
中科院分区:
文献类型:
--
作者:
J. Boussard
This is a revised English version of an original French paper read at the European Congress of the Econometric Society, 1968. It reviews the results of investigations appraising several well known decision criteria under imperfect knowledge. (Maximizing average income,Freund-Markowitzcriterion, safety first programme, chance constraint, focus-loss constraint, game against nature.) Two main ideas are outlined: (1) On a theoretical plane the experiments carried out support the opinion that a model such asFreund'sis not sufficiently tested unless the possibilities range that was offered to the represented decision maker is as large as possible, and makes allowance for any decision possibility in connection with the decision at hand. Related to this and especially characteristic is the fact that the separation between indebtedness risk-linked and unlinked models is possible only when land acquisition is allowed. (2) The practical counterpart of that theoretical finding is the necessity to develop the use of risk aversion coefficients carefully before applying any risk decision criterion, and the comparatively small impontance of the choice of one criterion among those proposed, if this linkage is suitably expressed. However, such results have been yielded by only one rather crude experiment. Consequently, they have to be corroborated before any generalization. Further experiments must be undertaken for this purpose, and the main lesson to be drawn from the present research is perhaps an interest in pursuing efforts in that direction. A. abr.