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411. Benefit-Cost Analysis decision criteria

9 April, 202412 December, 2024 by David Pannell2 Min Reading

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

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410. Strategic decisions, tactical decisions and risk

2 April, 202430 June, 2025 by David Pannell5 Min Reading

My interest in risk in this series of posts is in how it affects decision making. There are two broad types of decisions that we

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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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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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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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Recent Posts

  • 435. Environmental offsets 3. Risk of failure

    When designing an environmental offset scheme, it is important to account for the probability that an offset project will fail to deliver its intended benefits.

  • 434. Environmental offsets 2. The currency for measuring impacts and benefits

    In an environmental offset scheme, the environmental impacts of a development project and the benefits of an offset project need to be compared quantitatively. To

  • 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

  • 431. Webinar on economics of urban park designs

  • 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”

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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

  • 435. Environmental offsets 3. Risk of failure 14 July, 2025
  • 434. Environmental offsets 2. The currency for measuring impacts and benefits 7 July, 2025
  • 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

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