. Traditional cost-benefit analysis under uncertainty has shortcomings when considering high-risk investment, largely due to the …Environmental intervention is often seen as being high risk and high return. Traditional scientific hypothesis testing … choice of how to discount uncertainty outcomes. A corollary is that traditional cost-benefit analysis does not place a value …

start with the proposition that the importance of risk aversion has generally been exaggerated relative to the task of …

between public risk perceptions and attitudes and those of 'experts'. Public views of risk are often inconsistent and …

plausible that uncertainty will rule the day and adaptation to allow efficient decision-making under information asymmetry may …

. However, the presence of large, sunk investment and the uncertainty of future returns will have an impact on the efficiency of … Murrumbidgee Irrigation Area is used to quantify the effect of sunk investment cost and uncertainty of future returns on the …

; cotton and field crops). The supply of water for irrigation is subject to climatic and policy uncertainty. Variable inflows … issues facing irrigators, greater pressure is being placed on this finite resource. The uncertainty of the water supply …

within the policy framework of import risk assessments to provide a greater understanding of the benefits and risks from …