This paper illustrates a new methodology for finding preferred action choice(s) under uncertainty for well-defined classes of decision-makers The methodology does not replace the expected utility maximizing rule, which has been used to identify preferred action choices; rather it extends the...

Data on lending activities of major farm real estate ienders are summarized. The loan data show the amount of loans made and repaid during each year as well as the amount outstanding at the beginning of each year. The interest rate data show the contractual rates charged on new loans during each...

This paper illustrates a new methodology for finding preferred action choice(s) under uncertainty for well-defined classes of decision-makers The methodology does not replace the expected utility maximizing rule, which has been used to identify preferred action choices; rather it extends the...