Risk is often perceived by farmers as being more formidable in new technologies emanating from agricultural research than in more traditional practices. Consequently risk may tend to act as an impediment to adoption of improved practices as well as a general friction on efficient use of...

While alarmists shriek the crisis of accelerating soil erosion and declining water quality as the major impediment to the future of global agriculture in supplying the needs of humanity, the argument here is that, although resource degradation is indeed a threat to achievement of satisfactory...

Decision analysis, the practice of Bernoullian decision theory and Bayesian statistics, is reviewed in relation to its application in management. Aspects of the scaling of beliefs (probabilities) and preferences (utilities) are discussed, focussing on practical problems. It is concluded that the...