The uncertainty of agricultural profits is due to the effect of numerous un
predictable, random factors (weather, disease, marker, etc.). The extent to
which decision-makers are prepared to take risks influences the way in whi
ch they weigh up of the chances of a crop proving profitable.
The decision-making criteria involved in this state of uncertainty were app
lied for the comparison of three maize hybrids (A, B, C), using yield data
obtained in a polyfactorial experiment carried out under irrigated and non-
irrigated conditions in the experimental nursery of the Department of Agron
omy of the Agricultural Centre of Debrecen University between 1990 and 1994
.
Similar results were obtained in both treatments: pessimistic decision-make
rs applying the maximin criterion chose hybrid B, while the optimistic, neu
tral or less pessimistic farmers, who applied the maximax, mean or minimax
criteria, respectively, chose hybrid C.
The decision-making criteria presented in the paper are very simple and are
easy to apply. The results conform with those of stochastic dominance anal
ysis carried out using a large number of data on the hybrids (Drimba and Na
gy: 1997) and with those of the expected value - variance model (Drimba. Na
gy and Sum. 2000).