Entrepreneurship research is on the rise but many questions about its fundamental nature still exist. We argue that … entrepreneurship is about experimentation: the probabilities of success are low, extremely skewed and unknowable until an investment is …

fundamental tradeoff in organizing such activities. On the one hand, since creativity cannot be achieved by command and control or … fundamental characteristics: extremely high input, output and market uncertainty, and the inherent informational advantages of …

shocks to aggregate uncertainty, I introduce a small, time-varying risk of economic disaster in a standard real business …

the present value of the flow of social benefits minus costs. But the real world is one of considerable uncertainty … discount rates that should be used to compute present values. The implications of uncertainty are complicated by the fact that … horizons. Correctly incorporating uncertainty in policy design is therefore one of the more interesting and important research …

in contractions but lends in expansions. Variations in uncertainty and expected growth generate trading volume due to … risk sharing. Higher uncertainty increases stock prices, risk premiums, volatility, wealth inequality and the dispersion of …

probabilities of the full range of specific outcomes, allowing us to measure uncertainty, assess its driving forces, and compare … this measure of uncertainty with the dispersion of point-estimates among individual forecasters (a measure of disagreement …

The paper illustrates how one may assess our comprehensive uncertainty about the various relations in the entire chain ….5 deg;C. The 99 percent confidence interval ranges from 3.0 deg;C to 6.9 deg;C. Uncertainty about socio-economic drivers of … climate change lie behind a non-trivial part of this uncertainty about global warming …

This paper introduces a formal definition and an experimental measurement of the concept of cognitive uncertainty …: people's subjective uncertainty about what the optimal action is. This concept allows us to bring together and partially …. Building on existing models of noisy Bayesian cognition, we formally propose that cognitive uncertainty generates these …