The book provides a short review of the classical approach to planning and decision making under uncertainty. It further explains the concept of state-contingent goods, and it extends earlier work on the state-contingent approach to describing production under uncertainty to the problems involved in optimising production under uncertainty.
| ISBN: | 9783642216855 |
| Publication date: | 23rd July 2011 |
| Author: | Svend Rasmussen |
| Publisher: | Springer an imprint of Springer Berlin Heidelberg |
| Format: | Paperback |
| Pagination: | 93 pages |
| Series: | SpringerBriefs in Economics |
| Genres: |
Microeconomics Management of specific areas Economic theory and philosophy |