Span of Effects of Uncertainty (in Decision-Making)

Richard J. Arend ()
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Richard J. Arend: University of Southern Maine

Chapter Chapter 5 in Uncertainty in Strategic Decision Making, 2024, pp 89-114 from Springer

Abstract: Abstract Explains the general impacts of uncertainty on the world, at three levels. Describes the impacts on decision-makers and their relevant stakeholders, focusing on the immediate outcomes. Describes the impacts in terms of reacting to uncertainty in decisions. Describes the impacts on increasing our understanding of uncertainty as a ubiquitous phenomenon. Argues that to best allocate resources to address uncertainty, one needs an appreciation of the extent of what it does.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-48553-4_5

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DOI: 10.1007/978-3-031-48553-4_5

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