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Introduction

Chapter
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Part of the SpringerBriefs in Economics book series (BRIEFSECONOMICS)

Abstract

This chapter is an introduction to the book. It explains why decision making under uncertainty involves special challenges which cannot be dealt with using the traditional production economic theory.

Keywords

Positive deviations Negative deviations Asymmetry 

References

  1. Anderson, J., Dillon, J., & Hardaker, J. (1977). Agricultural decision analysis. Ames: Lowa State University Press.Google Scholar
  2. Chambers, R., & Quiggin, J. (2000). Uncertainty, production, choices, and agency. The state-contingent approach. Cambridge: Cambridge University Press.Google Scholar
  3. Hirshleifer, J., & Riley, J. (1992). The analytics of uncertainty and information. New York: Cambridge University Press.Google Scholar
  4. Rasmussen, S. (2011). Production economics. the basic theory of production optimisation. Berlin: Springer.Google Scholar

Copyright information

© Svend Rasmussen 2011

Authors and Affiliations

  1. 1.Institute of Food and Resource EconomicsUniversity of CopenhagenFrederiksberg C, CopenhagenDenmark

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