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

When considering whether to adopt a new farming practice, there are various aspects of the practice that farmers would like to learn about. One of

In his famous book, “Thinking, Fast and Slow”, Daniel Kahneman introduced many people to a wealth of research about how people make judgments and decisions,

Diversification is one of the most effective and widely used ways to reduce risk. There are many opportunities to diversify in agriculture. Diversification means doing

This Pannell Discussions is about risk aversion and its influence on strategic decisions about the optimal rate of a fertiliser to apply, particularly nitrogen fertiliser.

The question of whether to use Benefit: Cost Ratio or Net Present Value or Internal Rate of Return is “a world of confusion,” because textbooks