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409. Farmers’ risk preferences

25 March, 202430 June, 2025 by David Pannell6 Min Reading

Risk perceptions and risk preferences are different. Risk perceptions (covered in PD408) are about how risky someone thinks a particular strategy is. Risk preferences are

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Latest

408. Farmers’ risk perceptions

18 March, 202430 June, 2025 by David Pannell6 Min Reading

Some risks can be measured fairly objectively, while for others there is little objective evidence to go on. Either way, what drives farmers’ decisions is

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Latest

407. Memorising Pi

13 March, 20247 May, 2024 by David Pannell3 Min Reading

March 14 is Pi day – a celebration of the famous mathematical constant Pi, 3.1415926535 …  Pi is the ratio of a circle’s circumference to

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406. Risk means probability distributions

11 March, 202430 June, 2025 by David Pannell7 Min Reading

In everyday speech, the word “risk” usually refers to the possibility of something bad happening. In the context of a business, like a farm, a

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405. Risk in Australian grain farming

4 March, 202430 June, 2025 by David Pannell5 Min Reading

Earlier in my career, I did a lot of work on risk in Australian agriculture, particularly for grain and sheep farms. Now I’m part of

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404. Vegetation on urban roadside verges

19 February, 202419 February, 2024 by David Pannell4 Min Reading

In a project led by Claire Doll and Curtis Rollins, we explored the preferences of Perth residents for the vegetation (apart from trees) planted on

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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

  • Yugank on 433. Depicting risk in graphs for farmers
  • 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

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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