Abstract
Loop analysis is a powerful tool for analyzing matrix population models. This note shows that the results of loop analysis, which have been proved for constant matrices only, apply to stochastic matrices as well if elasticity is defined as the effect of a proportional perturbation of both mean and variance. Using the ideas of loop analysis, it is shown that the structure of the stochastic matrix in terms of alternative life-history pathways has important consequences for the effect of stochasticity on elasticities. If the life cycle contains nonoverlapping, alternative life-history pathways, the ranking in terms of elasticity of the most critical vital rates may be reversed in stochastic and the corresponding average environments. This has obvious and important consequences for population management because focusing on a deterministic model would lead to an ineffective or counterproductive management strategy.