We present a definition of increasing uncertainty, in which an elementary increase in the uncertainty of any act … rise to a dual definition of comparative aversion to uncertainty. We characterize this definition for a popular class of … generalized models of choice under uncertainty. …

in the economics of uncertainty, including problems of consumer choice, the theory of the firm, and principal …

Among economists, discussion of problems involving uncertainty is po­ larised between advocates of formal decision …, and critics who argue that uncertainty is fundamentally irreducible. Improvements and generalisations of formal decision … of our capacity to deal with uncertainty. So, although our understanding of the issues has deepened, the fundamental …

; cotton and field crops). The supply of water for irrigation is subject to climatic and policy uncertainty. Variable inflows … issues facing irrigators, greater pressure is being placed on this finite resource. The uncertainty of the water supply …

incorporates a state-contingent representation of uncertainty. The severity of the impact depends, in large measure, on the extent …

effect on the way risk-neutral decision makers utilize the same input bundle. The result is that rational and efficient ex …

within the policy framework of import risk assessments to provide a greater understanding of the benefits and risks from …