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421. Risk versus uncertainty

26 June, 202430 June, 2025 by David Pannell3 Min Reading

 I want to make a distinction that has been lurking below the surface in some of the previous posts in this RiskWi$e series: risk versus

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420. Systematic decision making under risk

12 June, 202430 June, 2025 by David Pannell7 Min Reading

Intuitive decision making can be good, but as we’ve seen in earlier posts in this series, sometimes it can lead us astray. When faced with

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419. Risk premium

5 June, 202430 June, 2025 by David Pannell4 Min Reading

A risk premium is the psychological cost of putting up with risk, expressed in monetary terms. Or, equivalently, it’s the psychological benefit of avoiding risk,

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418. Hedging to reduce crop price risk

29 May, 202430 June, 2025 by David Pannell6 Min Reading

Grain farmers in Australia (and most other places) make relatively little use of market mechanisms to reduce (“hedge”) price risk. Why is that? Two methods

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417. Twenty years of Pannell Discussions

23 May, 202419 May, 2024 by David Pannell3 Min Reading

I put out the first Pannell Discussion on 24 May 2004 so I’ve now been writing them for 20 years.  My main aim was to

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416. Neglecting the risks of a project

15 May, 202430 June, 2025 by David Pannell6 Min Reading

There is a well-documented trend for people to neglect downside risks when developing and evaluating a new project. This is part of a general tendency

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Posts pagination

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Recent Posts

  • 433. Depicting risk in graphs for farmers

    There are many types of graphs that can depict the riskiness of a decision option. Here I present and comment on some of them. My

  • 432. Environmental offsets 1. Introduction

    An environmental offset is an environmental project that is undertaken to compensate for environmental damage caused by some economic activity, such as establishing a mine

  • 431. Webinar on economics of urban park designs

    Claire Doll and I are presenting a webinar on “Economic evaluation of alternative urban park designs that conserve irrigation water”, for the UWA Centre for

  • 430. Polarised public opinion

  • 429. The value of a non-market value

  • 428. Economic analysis of urban park designs

  • 427. Reviews of research on agricultural adoption

  • 426. Music “Option Value”

  • 425. World population beyond 2100

  • 424. Risk aversion versus loss aversion, part 2

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Recent comments

  • Frank Ibe on 261 – Agricultural water pollution
  • Cilla de Lacy on 430. Polarised public opinion
  • T Barr on 168 – Telling farmers how to adapt to climate change
  • David Pannell on 427. Reviews of research on agricultural adoption
  • Alfun adam on 366. Environmental accounting: is it worthwhile?

Recent Posts

  • 433. Depicting risk in graphs for farmers 30 June, 2025
  • 432. Environmental offsets 1. Introduction 16 June, 2025
  • 431. Webinar on economics of urban park designs 30 May, 2025
  • 430. Polarised public opinion 26 May, 2025
  • 429. The value of a non-market value 12 March, 2025
  • 428. Economic analysis of urban park designs 10 March, 2025
  • 427. Reviews of research on agricultural adoption 10 December, 2024
  • 426. Music “Option Value” 25 August, 2024
  • 425. World population beyond 2100 20 August, 2024
  • 424. Risk aversion versus loss aversion, part 2 17 July, 2024

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