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Measures of Uncertainty (in Decision-Making)

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

Chapter Chapter 9 in Uncertainty in Strategic Decision Making, 2024, pp 145-154 from Springer

Abstract: Abstract Applies the logic of ‘in order to (try to) manage something, first it must be measured’. Argues the importance of measuring the various characteristics and impacts of uncertainty. Describes approaches, limits, and both conceptual and practical measures.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-48553-4_9

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DOI: 10.1007/978-3-031-48553-4_9

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