The purpose of this article is to evaluate optimal expected utility risk measures (OEU) in a risk- constrained … constraint to a portfolio selection model using value at risk as constraint. The former is a coherent risk measure for utility … functions with constant relative risk aversion and allows individual specifications to the investor's risk attitude and time …

model, real options theory, and state-contingent production relationships. Risk, Uncertainty, and the Agricultural Firm …This text is the first major survey of risk analysis from the perspective of the agricultural firms since Agricultural … that text, this book includes the statistical foundations of decision making under risk and uncertainty. Adding to the …

Expected utility theory is critical for modeling rational decision making under uncertainty, guiding economic agents as …