| Description |
1 online resource (xiv, 292 pages) : illustrations |
| Physical Medium |
polychrome |
| Description |
text file |
| Bibliography |
Includes bibliographical references and index. |
| Contents |
Introduction -- Probability theory--A mathematical basis for making decisions under risk and uncertainty -- Expected utility--The economic basis of decision making under risk -- Risk aversion in the large and small -- Portfolio theory and decision making under risk -- Whole farm-planning models -- Risk efficiency approaches--Stochastic dominance -- Dynamic decision rules and the value of information -- Market models of decision making under risk -- Option pricing approaches to risk -- State contingent production model: The stochastic production set -- Risk, uncertainty, and the agricultural firm--A summary and outlook. |
| Summary |
This text is the first major survey of risk analysis from the perspective of the agricultural firms since "Agricultural Decision Analysis" by Anderson, Dillon, and Hardaker published in 1977. In addition to updating the traditional material from that text, this book includes the statistical foundations of decision making under risk and uncertainty. Adding to the material covered in Anderson, Dillon, and Hardaker, the text includes material on dynamic decision rules, the arbitrage pricing model, real options theory, and state-contingent production relationships. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Farm management -- Decision making -- Mathematical models.
|
|
Farm management -- Decision making -- Mathematical models. |
|
Farm management -- Decision making. |
|
Risk -- Mathematical models.
|
|
Risk -- Mathematical models. |
|
Uncertainty -- Mathematical models.
|
|
Uncertainty -- Mathematical models. |
| Genre/Form |
Electronic books.
|
| Other Form: |
Print version: Moss, Charles B. (Charles Britt). Risk, uncertainty, and the agricultural firm. Singapore ; Hackensack, NJ : World Scientific, ©2010 9789814287623 (DLC) 2009046295 (OCoLC)428026405 |
| ISBN |
9789814287630 (electronic book) |
|
9814287636 (electronic book) |
|
9789814287623 |
|
9814287628 |
|
9814287636 |
|
