What to Do with Uncertainties?

Alain Bensoussan ()
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Alain Bensoussan: Jindal School of Management, The University of Texas at Dallas

Chapter Chapter 3 in The Unaffordable Price of Static Decision-making Models, 2025, pp 21-33 from Springer

Abstract: Abstract The objective of this chapter is to discuss the issue of uncertainties. Uncertainties are certainly a reality, and we do not know them. Can we improve our knowledge of these uncertainties? Is there a science of uncertainties? Is there an engineering of uncertainties? Do we have mathematical models of uncertainties? What is a product, if such a concept is possible for uncertainties?

Keywords: Uncertainty; Probability; Decision making; Risk management; Information (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/978-3-031-88638-6_3

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