Definitions of Uncertainty (for Decision-Making)

Richard J. Arend ()
Additional contact information
Richard J. Arend: University of Southern Maine

Chapter Chapter 3 in Uncertainty in Strategic Decision Making, 2024, pp 43-58 from Springer

Abstract: Abstract Explains and argues for a set of definitions of uncertainty, definitions structured around decision-making and consistent with famous past definitions and delineations, including Knight and Ellsberg. Explains and argues for other relevant characteristics of uncertainty variants under the umbrella of uncertainty-as-unknown. Elaborates on such characteristics using the antithesis state—of perfect information (and super-rationality). The main message here is that few, if any, books (or articles) have actually analyzed uncertainty-as-unknownness to any depth (other than Knight, F.H. (1921). Risk, uncertainty and profit. Augustus M. Kelley).

Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-48553-4_3

Ordering information: This item can be ordered from
http://www.springer.com/9783031485534

DOI: 10.1007/978-3-031-48553-4_3

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().