Methods including risk in decisive models based on game theory

Main Article Content

Bolesław Borkowski

Abstract
This is a comparative analysis of most frequent types of decision made under conditions of uncertainty or risk and their usefulness in economic and agricultural research. Frequently we have to decide having incomplete knowledge or knowing that the outcome of these decisions is uncertain. Here the decision making process is considered as an evaluation of alternative decisions under alternative states of nature and the ever present problem of uncertainty, In the introduction there is a precise definition of risk and uncertainty and the differences between them. There is a number of different approaches to reach a suitable decision having and not having information as to the probabilities of different states of nature. The choice of a single strategy in linear models was made according to the maximax and maxmin criterion of Hurwicz, Savage, Bayes-Laplace and Hodge-Lehmann. These criterions were applied for the same basic data consisting of three grains in five levels of weather.

Article Details

How to Cite
Borkowski, B. (1995). Methods including risk in decisive models based on game theory. Zeszyty Naukowe SGGW - Ekonomika I Organizacja Gospodarki Żywnościowej, (1), 193–205. https://doi.org/10.22630/EIOGZ.1995.1.14
References

DILLON J. L. 1962: Applications of Game Theory in Agricultural Economics. Review and Regiem, Australian J. Agr. Econ. (Crossref)

DOWGIAŁŁO Z. 1992: Niepewność i ryzyko w działalności przedsiębiorstwa rolniczego. Wybrane problemy. PWN, Warszawa.

JABŁONOWSKI S. 1993: Zagadnienie ryzyka w rolnictwie w liniowym modelu optymalizacyjnym. Praca doktorska. Warszawa.

MARSZAŁKOWICZ T. 1986: Metody programowania optymalnego w rolnictwie. PWE, Warszawa.

McInnerneya 1967: Maximin Programming-An Approach to Farm Planning Under Uncertainty, J. Agric. Econ., vol. 18, no 2, pp. 279-289. (Crossref)

MIKLEWSKI A. 1992: Teoria gier w planowaniu produkcji przedsiębiorstwa rolniczego a problem ryzyka. PWN, Warszawa.

SADOWSKI W. 1973: Teoria podejmowania decyzji, PWN. Warszawa.

SIUDAK M. 1989: Badania operacyjne. Wydawnictwo Politechniki Warszawskiej, Warszawa.

WIECZOREK A. 1995: Teoria gier w kilku kawałkach. Życie Gospodarcze nr 4.

Statistics

Downloads

Download data is not yet available.