Ph.D. Candidate Joseph Raymond presented on the impact of diversification on the relative variability of fishing revenues in Alaska. Risk management in Alaskan fisheries is complicated by the dimensions along which fishers might reasonably diversify, and this introduces significant heterogeneity across participants. Using data on fishing permit holders, Joe's preliminary evidence suggests that the seasonal overlap of a permit portfolio is associated with smaller revenue variability, but this relationship may vary, depending on the number of vessels operated by the permit holder.