Approximation methods for ranking risky investment alternatives

David Bigman

Research output: Contribution to journalArticlepeer-review


The paper develops and illustrates the application of criteria for ranking risky investment alternatives that are based on their certainly equivalent (ce) outcomes and determines expressions for approximating the ce outcomes by means of the central moments of their distribution. The paper develops criteria on the basis of the ce outcomes for determining a complete ranking of risky investment alternatives that can represent the choice of many - though not all - risk-averse agents.

Original languageEnglish
Pages (from-to)1-9
Number of pages9
JournalAgricultural Economics (United Kingdom)
Issue number1
StatePublished - 1 Jan 1995
Externally publishedYes

ASJC Scopus subject areas

  • Agronomy and Crop Science
  • Economics and Econometrics


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