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Decision Theory Elements

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

Abstract

This chapter provides a short introduction to the basic concepts of decision theory.

Keywords

States of nature Probabilities Utility function Decision making Projects 

Reference

  1. Anderson, J., Dillon, J., & Hardaker, J. (1977). Agricultural decision analysis. Ames: Lowa State University Press.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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