Risk and Uncertainty Analysis with Networks of Decisions

Guido Recke

No 120536, 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland from European Association of Agricultural Economists

Abstract: In this paper an applied approach for analysing economic problems under risk and uncertainty based on networks of decisions (NODs) will be discussed. It can be shown that network of decision analysis can help to understand complex decision problems under risk and uncertainty in single case situations. A variety of decision criteria like expectation values and a special ANOVA can be used to get better knowledge about prediction and controllability of the decision problems.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 3
Date: 2011-09
New Economics Papers: this item is included in nep-net and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae11:120536

DOI: 10.22004/ag.econ.120536

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