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Sintea (anghel) Lucica
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Sintea (anghel) Lucica: "ANDREI SAGUNA" UNIVERSITY OF CONSTANTA

Annals - Economy Series, 2014, vol. 3, 184-187

Abstract: The issue of probabilities, uncertainties and risks has concerned society since anci ent times. By probability we can see the possible realization of an act or event under certain conditions. Uncertainty is caused by emotional status of the decision maker due to more subjective factors or to the knowledge to achieve an objective. Risk is a combination of the two elements characterized by a possible description of probabilities under insecurity uncertainty conditions.

Keywords: factors; risk; economy; economists; managers; probability; uncertainty; decisions (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2014:v:3:p:184-187

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