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Editorial |
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Scientific paper on the momagri model
in Risk and Decision Analysis
by Bastien Gibert,
Expert, momagri
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At the end of 2009, we reported that the first scientific paper concerning the momagri model had been posted on the website of the Social Science Research Network (SSRN)1) . Written by momagri Chief Economist Bertrand Munier under the title “Boundedly rational exuberance on commodity markets,”2the article presents the origins and performance of the momagri model, and specifically draws attention to the risks and uncertainty at the heart of agricultural markets that are now aggravated due to increased financialization. This in-depth and thorough article has just now been published in the latest issue3 of the journal Risk and Decision Analysis4.
This is a special issue that covers the recent innovations in the field of decision-making simulation in a high-risk environment and the design of economic models to better cope with the performance of several financialized markets. Dr. Robin Pope, Professor at the University of Bonn in Germany, and Reinhard Selten, winner of the 1994 Nobel Prize in Economic Sciences, developed the first line of reasoning, while the second is conducted by Professor Munier. The issue also carries the commentary on Dr. Munier’s article that were raised by Willi Semmler, Professor of Economics at the New School for Social Research in New York City, and by Professor Lucas Bernard, New York City College of Technology. Bertrand Munier’s responses to the commentary are also included.
We highly recommend this issue, which is specifically targeted to a well-informed readership, and remain at your disposal to provide any additional information or answer any questions you might have on the momagri model.
1 www.ssrn.com
2 The article can be read at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1508650
3 Volume 2, number 1, 2010/2011
4 www.iospress.nl |
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Advocating for agricultural market regulation and global food governance | |
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