Approximation methods for ranking risky investment alternatives

David Bigman

Research output: Contribution to journalArticlepeer-review

Abstract

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)
Volume12
Issue number1
DOIs
StatePublished - 1 Jan 1995
Externally publishedYes

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