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Summary and Conclusion

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

Abstract

This chapter provides a short summary in the form of a list of the main results, and it concludes that the state-contingent approach is a useful approach to planning under uncertainty because it explicitly considers the possibility that the outcome of uncertain events may be controlled by the decision maker herself

Keywords

Summary Risk-averse decision maker Risk-neutral decision maker Conclusion 

Reference

  1. Chambers, R., & Quiggin, J. (2000). Uncertainty production, Choices, and agency. The state-contingent approach. Cambridge: Cambridge 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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