RiskWi$e: Risk in agriculture blog series article #2
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The Pannell Discussions RiskWi$e series is a series of easy-to-read discussions, explanations and examples on risk and behavioural science written for the Australian grains industry by David Pannell, University of Western Australia.
In the second post ‘Risk means probability distributions’, David outlines decision theory, and explains that risk is a situation where there is a probability distribution of outcomes.
In future posts, David will look at agricultural risks from various angles.
You can check out all of the blogs on our webpage .
