February 13, 2015

Risk and Uncertainty

This series of articles will provide an introduction to risk and uncertainty, and discuss tools and strategies that can be used to mitigate risk and uncertainty.

ARTICLES WITHIN PUBLICATION:

What is Risk and Uncertainty

January 13, 2015

This article, the first in a series of articles, discusses the distinctions between risk and uncertainty. This distinction is very important when deciding the appropriate tools and strategies to use to cope with risk and uncertainty

Measuring Risk and Uncertainty

February 13, 2015

This article, second in a series of articles, described two risk measures, variability and downside risk, that are commonly used. Using a case farm in west central Indiana that produced corn and soybeans, variability and downside risk were higher for corn than for soybeans.

TAGS:

plans + decisions, risk

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