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4.0 out of 5 stars
A nice overview,
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This review is from: Coping with Risk in Agriculture (Cabi) (Paperback)
This book gives a nice overview of techniques that have been used by agriculture economists to facilitate risky decision-making. Someone who has received solid training in microeconmic theory, mathematical statistics, & operations research will benefit from reading this book. For example, the practical meaning of certain equivalens & risk aversion now becomes much more clear to me. On top of that, I find some tools that combine stochastic simulation and expected utility are useful to consulting and research.
One word of caution, this is not the right book for someone who is seeking for a rigorous theoretical treatment. Nonetheless, this piece itself is valuable to an analytical mind from both scholastic and pragamatic viewpoints. |
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Coping with Risk in Agriculture (Cabi) by Jock R. Anderson (Paperback - March 24, 2004)
$65.00 $49.86
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