Decisions under Risk and Uncertainty

Corina Sbughea and Anamaria Aldea

Risk in Contemporary Economy, 2021, 443-449

Abstract: Decision-making processes, like most economic processes, are influenced by a variety of factors, more or less known. The level of knowledge, but also the behavioral profile of the decision makers determines, to a large extent, their directions of action. This paper aims to synthesize the most important rules and decision principles, proposed over time for situations of risk and uncertainty, and illustrate them with a practical example.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fserec:y:2021:p:443-449

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