Explain any one model for analyzing farmer's behaviour under uncertainty

      

Explain any one model for analyzing farmer's behaviour under uncertainty.

  

Answers


Abdullahi
Payoff Matrix

This refers to the different possible outcomes of each strategy under each state of nature shown in a tabular form.

Payoff matrix may show the return that an individual would get from an investment when the economy is under the condition of boom, recession or normal.

Dullayo answered the question on May 13, 2018 at 11:44


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