Intensive shrimp farming is a lucrative and highly risky business. Before entering this
industry, most farmers spend time observing the operation of pilot farms. This stage is
important to master essential techniques and judge the profitability and risk associated with
shrimp farming. Learning is a complex process that leads to misconceptions about the
nature of short-term and long-term risks. This paper uses computer simulation to illuminate
the dynamic nature of the learning processes, land conversion, shrimp production and …