Risk and Uncertainty in Decision-making about Agricultural Insurance

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F17%3A74271" target="_blank" >RIV/60460709:41110/17:74271 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
Risk and Uncertainty in Decision-making about Agricultural Insurance
Original language description
Rational decision-making is limited by the rationality of decision-maker, complexity of the decision problem, and the incomplete information about the problem. One specific case of this incompleteness is measure of knowledge of risk or uncertainty. Transition from uncertainty to risk helps to improve our decision process and gives a great competitive advantage. This is important mainly if the decisions are influenced by specific type of event, for instance crisis, situation which can revise the decisions outcome in situation with unknown or only estimated probability of realization. This type of situation can be called key state of nature. The article discusses the decision-making process on the agricultural insurance in relation to the expectation of the key state of nature - environmental and other threats.
Czech name
—
Czech description
—

Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 12th International Conference on Strategic Management and its Support by Information Systems
ISBN
978-80-248-4046-8
ISSN
—
e-ISSN
—
Number of pages
8
Pages from-to
193-200
Publisher name
VŠB-TU Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
May 25, 2017
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000417344100021

Similar results(10)