Coping with risk in agriculture : applied decision analysis / J. Brian Hardaker, Emeritus Professor of Agricultural Economics, University of New England, Australia, Gudbrand Lien, Professor, Lillehammer University College : Senior Researcher, Norwegian Agricultural Economics research Institute, Norway, Jock R. Anderson, Emeritus Professor of Agricultural Economics, University of New England, Australia; Consultant, Washington, DC, USA, Ruud B.M. Huirne, Professor of Cooperative Entrepreneurship, Wageningen University and Rabobank, The Netherlands.

Includes bibliographical references and index.

Introduction to risk in agriculture -- Decision analysis: outline and basic assumptions -- Probabilities for decision analysis -- More about probabilities for decision analysis -- Attitudes to risky consequences -- Integrating beliefs and preferences for decision analysis -- Decision analysis with preferences unknown -- The state-contingent approach to decision analysis -- Risk and mathematical programming models -- Decision analysis with multiple objectives -- Risky decision making and time -- Strategies decision makers can use to manage risk -- Risk considerations in agricultural policy making.