adoption under uncertainty. The analysis accounts for stochastic germination of red rice and sheath blight to model a profit … maximization problem of crop rotation among HR rice, regular rice, and soybeans. The results demonstrate that risk attitudes and …

similar neighboring farms. This research examined the effects of management practices on risk-adjusted profit per acre for …

Central region in Michigan. Risk is an important consideration in a farmer's choice of cropping systems. This study uses 20 … years of experimental data from the Michigan State University Saginaw Valley Research Farm to determine the risk efficiency … systems. Keywords: crop rotation, cropping system, risk, stochastic dominance analysis, first-degree stochastic dominance …

risk premia. This paper demonstrates how to extract the expected policy path under the assumption that risk premia are … constant over time, and under a simple model that allows risk premia to vary. In the latter case, the risk premia are … the risk premia on these futures contracts vary over time. The impact of this variation is fairly limited for futures …

Event risk is the risk that a portfolio's value can be affected by large jumps in market prices. Event risk is … synonymous with "fat tails" or "jump risk". Event risk is one component of "specific risk", defined by bank supervisors as the … component of market risk not driven by market-wide shocks. Standard Value-at-Risk (VaR) models used by banks to measure market …

gambles over lifetime income in the Health and Retirement Study to quantify changes in risk tolerance over time and … 12,000 respondents in the 1992-2002 HRS. The results support constant relative risk aversion and career selection on … preferences. While risk tolerance changes with age and macroeconomic conditions, persistent differences across individuals account …

Covariance matrix forecasts of financial asset returns are an important component of current practice in financial risk … matrix forecasts using standard statistical loss functions and a value-at-risk (VaR) framework. This framework consists of …