A review of 183 papers published between 1990 and 2006 led to development of a typology of farm management decision-making (FMDM) research. An existing model which categorises decision research according to purpose as being either Analytical (descriptive), Normative, or Prescriptive was blended...

Risk and uncertainty have been extensively studied by agricultural economists. In this paper we question (a) the predominant use of static frameworks to formally analyse risk; (b) the predominant focus on risk aversion as the motivation for considering risk and (c) the notion that explicitly...