A common feature of certain kinds of data is a high level of statistical dependence across space and time. This spatial and temporal dependence contains useful information that can be exploited to significantly reduce the uncertainty surrounding local distributions. This chapter develops a...

Machine generated contents note: I -- I -- PART I -- BEHAVIOR UNDER RISK: GENERAL CONCEPTS AND -- THEIR SIGNIFICANCE FOR AGRICULTURE -- 1 Expected Utility as a Paradigm for Decision Making in Agriculture 3 -- Jack Meyer -- 2 Non-Expected Utility: What Do the Anomalies Mean for 21 -- Risk in...

After all the research on agricultural risk to date, the treatment of risk in agricultural research is far from harmonious. Many competing risk models have been proposed. Some new methodologies are largely untested. Some of the leading empirical methodologies in agricultural economic research...