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423. Risk aversion versus loss aversion, part 1

10 July, 202417 July, 2024 by David Pannell7 Min Reading

Risk aversion and loss aversion are two theories of how people make decisions under risk. They overlap in some ways but they also have some

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422. Risky farm decision making as a social process

3 July, 202417 July, 2024 by David Pannell5 Min Reading

Farmers sometimes go through extensive social engagements (conversations, discussions, debates, etc.) in the course of making decisions, especially big risky decisions.  Some fascinating research on

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421. Risk versus uncertainty

26 June, 202417 July, 2024 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, 202417 July, 2024 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, 202419 March, 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, 202417 July, 2024 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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Recent Posts

  • 429. The value of a non-market value

    We have a new paper out on the benefits and costs of using non-market valuation to monetise the non-financial benefits generated by environmental projects.  I

  • 428. Economic analysis of urban park designs

    Most parks in Australian cities are dominated by lawns. Is that what people really want in a park? Are there good alternatives that don’t require

  • 427. Reviews of research on agricultural adoption

    What drives or inhibits farmers in their decisions about adopting new farming practices? Many literature reviews have been published to summarise the wealth of research

  • 426. Music “Option Value”

  • 425. World population beyond 2100

  • 424. Risk aversion versus loss aversion, part 2

  • 423. Risk aversion versus loss aversion, part 1

  • 422. Risky farm decision making as a social process

  • 421. Risk versus uncertainty

  • 420. Systematic decision making under risk

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Recent comments

  • 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?
  • Alfun adam on 301. Inequality in the USA
  • Alfun adam on 277 – Perfection isn’t best

Recent Posts

  • 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
  • 423. Risk aversion versus loss aversion, part 1 10 July, 2024
  • 422. Risky farm decision making as a social process 3 July, 2024
  • 421. Risk versus uncertainty 26 June, 2024
  • 420. Systematic decision making under risk 12 June, 2024

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