AEB 6182: Agricultural Risk Analysis and Decision Making

Charles B. Moss Professor Department of Food and Resource Economics University of Florida 1130B McCarty Hall P.O. Box 110240 Gainesville, FL 32611-0240 Telephone: (352) 392-1845 Ext. 404 Fax: (352) 392-3646 Email: cbmoss@ufl.edu
Personal Information	Agricultural Risk Analysis and Decision Making - AEB6182
Biographical Sketch Full Vitae Short Resume	Expected Utility The basic economic notions of decision making under risk are based on the concept that economic agents make decisions that maximize their expected utilities. This section of the course develops the basis for this theory and how this basic tenant is used to analyze decisions under risk. Lecture I: Expected Utility PDF,PowerPoint,Slides Anderson, Jock R., John L. Dillon, and J. Brian Hardaker. Agricultural Decision Analysis (Ames, Iowa: Iowa State University Press, 1984) Chapter 4: 65-108. Henderson, James M. and Richard E. Quandt. Microeconomic Theory (New York: McGraw-Hill Book Company) Chapters 2 and 3: 5-63. Kaylen, Michael S., Paul V. Preckel, and Edna T. Loehman. "Risk Modeling via Direct Utility Maximization Using Numerical Quadrature." American Journal of Agricultural Economics 69(1987): 701-6. Turvey, Calum G. "An Economic Analysis of Alternative Farm Revenue Insurance Policies." Canadian Journal of Agricultural Economics 40(1992): 403-26. Lecture II: von Neumann-Morgenstern PDF,PowerPoint,Slides Featherstone, Allen M. and Charles B. Moss. "Quantifying Gains to Diversification Using Certainty Equivalence in a Mean Variance Model: An Application to Florida Citrus." Southern Journal of Agricultural Economics 22(1990): 191-8. Pana, Regina, Richard N. Weldon, Charles B. Moss, and Ronald P. Muraro. "An Economic Assessment of the Benefit of Tree Enclosures for Orange Trees in Florida." Food and Resource Economics, University of Florida, Staff Paper Series SP91-8, February 1991. Lecture III: St. Petersburg Paradox and State-Preference Setup PDF,PowerPoint,Slides Lecture IV: State-Contingent Utility PDF,PowerPoint,Slides Wheat Panel Data Excel Data
University of Florida Sites
Center for Applied Optimization Food and Resource Economics Department Institute of Food and Agricultural Sciences (IFAS) UF Web Mail Portal UF Spam Portal University of Florida Libraries Links to E-Journals University of Florida Access Required University of Florida MyUfl
Frequent Internet Sites
JSTOR-Electronic Journal Archive USDA/Economic Research Service Google Search USDA Library at Cornell ISI Web of Knowledge Yahoo AgEcon Search EconWPA Economics Working Paper Links by Washington University NBER National Bureau of Economic Research RePEc at the University of Connecticut My EconPapers Economists Jokes EconStats
Courses Taught
Agricultural Finance (AEB 6145) Agricultural Risk Analysis and Decision Making (AEB 6182) Applied General Equilibrium Notes Econometric Seminar (1995) Econometric Methods I Financial Theory I (FIN 6446) Mathematics for Food and Resource Economics (AEB 4511) Mathematical Programming for Economic Analysis (AEB 6592) Applied Nonlinear Workshop (October 2008) Production Economics (AEB 6184) Static and Dynamic Optimization (AEB 6533) Statistics for Food and Resource Economics (AEB 6933)

Personal Webpages
Alachua Free Net www.charlesbmoss.info Home Computer Old Ricardo Webpage

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