Rethyno

The topic of the 6th Advanced Summer School was on "Decision Making Under Uncertainty".

Professor Robert Chambers (University of Maryland, Agricultural and Resource Economics) was the Distinguished Guest Professor.

The lectures provided the tools to analyze producer decision making in an uncertain decision setting. Students studied producer decision making in a unified framework that emphasizes the common structure underlying modern decision theory, asset pricing in financial markets, and the Arrow-Debreu state space approach to production under uncertainty.