Risk and Uncertainty in Decision-making about Agricultural Insurance

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Risk and Uncertainty in Decision-making about Agricultural Insurance

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Risk and Uncertainty in Decision-making about Agricultural Insurance

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

10103 - Statistics and probability

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2017

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the 12th International Conference on Strategic Management and its Support by Information Systems

ISBN

978-80-248-4046-8

ISSN

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e-ISSN

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Počet stran výsledku

8

Strana od-do

193-200

Název nakladatele

VŠB-TU Ostrava

Místo vydání

Ostrava

Místo konání akce

Ostrava

Datum konání akce

25. 5. 2017

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000417344100021