Confusion over Uncertainty in Decision-Making

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

Chapter Chapter 2 in Uncertainty in Strategic Decision Making, 2024, pp 33-41 from Springer

Abstract: Abstract Explains why and how significant confusion over uncertainty exists, including that which is relevant to decision-making, and why that is important. Argues that for science to progress, all fields must converge on one set of well-defined concepts about uncertainty (that relate to decision-making). Provides a path forward, one that addresses the current sources of confusion.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-48553-4_2

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DOI: 10.1007/978-3-031-48553-4_2

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