‘Milk is Milk’: Organic Dairy Adoption Decisions and Bounded Rationality

Bounded rationality is an especially appropriate framework for organic dairy adoption decisions as it recognizes internal and external constraints which are critical in understanding complex farm decision making. Farmers use of, and access to, information is examined using interview data gathered from organic, conventional, managed graziers, and Amish dairy farmers in Southwestern Wisconsin at ...

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Investment decisions, equivalent risk and bounded rationality

The Net Present Value maximizing model has a respectable ancestry and is considered by most scholars a theoretically sound decision model. In real-life applications, decision makers use the NPV rule, but apply a subjectively determined hurdle rate, as opposed to the “correct” opportunity cost of capital. According to a heuristics-and-biases-program approach, this implies that the hurdle-rate ru...

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Replacing dairy milk with soy

Many people drink dairy milk (from a cow) as a healthy source of calcium and protein. In every eight-ounce cup of dairy milk, there are eight grams of protein and twelve grams of carbohydrates. It?s also rich in other nutrients as well: one cup provides adults with about 30 percent of their daily calcium needs and about 50 percent of their vitamin B12 and riboflavin requirements. Despite these ...

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Replacing dairy milk with soy

Many people drink dairy milk (from a cow) as a healthy source of calcium and protein. In every eight-ounce cup of dairy milk, there are eight grams of protein and twelve grams of carbohydrates. It?s also rich in other nutrients as well: one cup provides adults with about 30 percent of their daily calcium needs and about 50 percent of their vitamin B12 and riboflavin requirements. Despite these ...

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Replacing dairy milk with soy

Many people drink dairy milk (from a cow) as a healthy source of calcium and protein. In every eight-ounce cup of dairy milk, there are eight grams of protein and twelve grams of carbohydrates. It?s also rich in other nutrients as well: one cup provides adults with about 30 percent of their daily calcium needs and about 50 percent of their vitamin B12 and riboflavin requirements. Despite these ...

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‘Milk is Milk’: Organic Dairy Adoption Decisions and Bounded Rationality

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