Estimation of a Utility Function from Semen Purchases from Holstein Sires

@inproceedings{Schneeberger1981EstimationOA,
  title={Estimation of a Utility Function from Semen Purchases from Holstein Sires},
  author={Michael Schneeberger and A. E. Gene Freeman and Michael D. Boehlje},
  year={1981}
}
Abstract Weighting of expected income versus risk of a decision maker is expressed by his utility function; it can be estimated by analyzing his portfolio selection. To estimate a utility function of dairymen, the portfolio selection was measured by semen purchases or expenditures by dairymen for semen of 328 Holstein sires of eight bull studs. Purchases were divided into those from technicians and direct. Three indexes combining Predicted Differences for milk, fat, and type were constructed to… CONTINUE READING