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Risk and Uncertainty Analysis with Networks of Decisions

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  • Recke, Guido

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.

Suggested Citation

  • Recke, Guido, 2011. "Risk and Uncertainty Analysis with Networks of Decisions," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 120536, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae11:120536
    DOI: 10.22004/ag.econ.120536
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    Keywords

    Risk and Uncertainty;

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