LEADER 03833nam 2200649Ia 450 001 9910819750103321 005 20230721024347.0 010 $a1-282-76156-0 010 $a9786612761560 010 $a981-4287-63-6 035 $a(CKB)2490000000001872 035 $a(EBL)731308 035 $a(OCoLC)671648588 035 $a(SSID)ssj0000427329 035 $a(PQKBManifestationID)11288287 035 $a(PQKBTitleCode)TC0000427329 035 $a(PQKBWorkID)10390867 035 $a(PQKB)10780903 035 $a(MiAaPQ)EBC731308 035 $a(WSP)00007469 035 $a(Au-PeEL)EBL731308 035 $a(CaPaEBR)ebr10422173 035 $a(CaONFJC)MIL276156 035 $a(iGPub)WSPCB0002291 035 $a(EXLCZ)992490000000001872 100 $a20091110d2009 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aRisk, uncertainty and the agricultural firm$b[electronic resource] /$fby Charles B. Moss 205 $a1st ed. 210 $aHackensack, NJ $cWorld Scientific$d2009 215 $a1 online resource (308 p.) 300 $aDescription based upon print version of record. 311 $a981-4287-62-8 320 $aIncludes bibliographical references. 327 $aDedication; Preface; Contents; 1. Introduction; 2. Probability Theory - A Mathematical Basis for Making Decisions Under Risk and Uncertainty; 3. Expected Utility - The Economic Basis of Decision Making Under Risk; 4. Risk Aversion in the Large and Small; 5. Portfolio Theory and Decision Making Under Risk; 6. Whole Farm-Planning Models; 7. Risk Efficiency Approaches - Stochastic Dominance; 8. Dynamic Decision Rules and the Value of Information; 9. Market Models of Decision Making under Risk; 10. Option Pricing Approaches to Risk 327 $a11. State Contingent Production Model: The Stochastic Production Set12. Risk, Uncertainty, and the Agricultural Firm - A Summary and Outlook; Appendix A. Measure Theory and the Justification of Random Variables; Appendix B. Derivation of the Moments of the Inverse Hyperbolic Sine Distribution; Appendix C. Numerical Techniques for Applied Optimization and Solution of Nonlinear Systems of Equations; Appendix D. An Axiomatic Development of Expected Utility; Appendix E. A GAMS Program to Select Optimal Portfolios 327 $aAppendix F. R Program to Derive Optimum Portfolio with and without a Risk-Free AssetAppendix G. Program to Compute the Efficient Frontier with and without a Risk-Free Asset; Appendix H. GAMS Program for the Portfolio Problem; Bibliography; Index 330 $aThis text is the first major survey of risk analysis from the perspective of the agricultural firms since ""Agricultural Decision Analysis"" by Anderson, Dillon, and Hardaker published in 1977. In addition to updating the traditional material from that text, this book includes the statistical foundations of decision making under risk and uncertainty. Adding to the material covered in Anderson, Dillon, and Hardaker, the text includes material on dynamic decision rules, the arbitrage pricing model, real options theory, and state-contingent production relationships. ""Risk, Uncertainty, and the A 606 $aFarm management$xDecision making$xMathematical models 606 $aRisk$xMathematical models 606 $aUncertainty$xMathematical models 615 0$aFarm management$xDecision making$xMathematical models. 615 0$aRisk$xMathematical models. 615 0$aUncertainty$xMathematical models. 676 $a630.68/4 700 $aMoss$b Charles B$g(Charles Britt)$0952437 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910819750103321 996 $aRisk, uncertainty and the agricultural firm$94024910 997 $aUNINA