This paper presents a personal view of the interaction between the analysis of choice under uncertainty and the … analysis of production under uncertainty. Interest in the foundations of the theory of choice under uncertainty was stimulated … by applications of expected utility theory such as the Sandmo model of production under uncertainty. This interest led to …

rational description of the uncertainty inherent in both domains, the analysis of their interaction. Little research to date …

Generally speaking, psychologists have suggested three traditional views of how people cope with uncertainty. They are … uncertainty, such as the recent global financial crisis, these coping methods often result in innovation in industry. Richards … analysis, reveals that coping with uncertainty manifests itself in ways that have resulted in innovations in design, marketing …

The twin problems of moral hazard and adverse selection are often blamed for the lack of insurance for many fruits and … determine the effects of technical inefficiency on the demand for insurance. With this approach, technical inefficiency is … interpreted as an indicator of adverse selection. Because there is no active insurance market for many specialty crops, and thin …

). Exogenous uncertainty over the size of the negotiated amount of water is introduced to capture the fact that water availability …

countries. Under uncertainty, and assuming incomplete capital markets, the tax system plays a role in providing social insurance …This paper examines the double dividend hypothesis in the presence of labour income uncertainty. Empirical evidence … shows that uncertainty over labour income is particularly significant in developing, while not negligible in developed …