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Ideas in economics, environment, agriculture, policy and more.

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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, 202417 July, 2024 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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415. Learning about the riskiness of a new farming practice

7 May, 202417 July, 2024 by David Pannell6 Min Reading

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

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414. Intuitive versus analytical thinking about risk

29 April, 202417 July, 2024 by David Pannell7 Min Reading

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,

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413. Diversification to reduce risk

22 April, 202417 July, 2024 by David Pannell5 Min Reading

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

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412. Risk aversion and fertiliser decisions

16 April, 202417 July, 2024 by David Pannell6 Min Reading

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.

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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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