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Application of Game Theoretic Models to Agricultural Decision Making¹

Synopsis: A brief description is given of four game theoretic models for decision making under uncertainty, and their implications and application discussed. These concepts are then utilized to obtain solutions to a problem of selecting oats varieties for northeastern Iowa on the basis of several years of yield data.

² Graduate assistant, Professor of Economics, and Professor of Soils, respectively. The senior author is now Associate Professor of Economics, Oklahoma State University.

Received for publication July 17, 1963.