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Economic Theory and Expert System Information Technologies in Agriculture

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  • Batchelor, William D
  • Wetzstein, Michael E
  • McClendon, Ronald W

Abstract

Expert systems methodology has shown considerable promise as an information technology. However, limited knowledge of how current information technologies relate to the decision process impedes the adoption of expert systems. Thus, a consistent theoretical development of how expert systems relate to the decision process is presented. The significance of developing an economic theory of expert systems is substantiated with an empirical application investigating a soybean pest management decision process. Pest management recommendations from extension bulletins and the expert system are compared with an expert's recommendations. Results indicate the potential improvement in decision-making processes with the adoption of expert systems. Copyright 1991 by Oxford University Press.

Suggested Citation

  • Batchelor, William D & Wetzstein, Michael E & McClendon, Ronald W, 1991. "Economic Theory and Expert System Information Technologies in Agriculture," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 18(2), pages 245-261.
    • Handle: RePEc:oup:erevae:v:18:y:1991:i:2:p:245-61
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