The formal analysis of risky choices in agriculture obviously has a cost, including that of the time

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The formal analysis of risky choices in agriculture obviously has a cost, including that of the time devoted to reflection and the necessary calculations. Not all decisions warrant this effort and there are broadly two cases where formal analysis may be considered useful. List the cases in which formal risk analysis is necessary. Give two examples of risky decisions in agriculture that require formal analysis.

Posted Date: May 15, 2024 08:36 AM

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The formal analysis of risky choices in agriculture obviously has a cost, including that of the time

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