The principle of uncertain future: the probability of a future event contains an (hidden) uncertainty. The first … an uniform solution of the underweighting of high and the overweighting of low probabilities, of the Allais paradox, risk …

uncertainty principle. Problems, which can be solved, research fields, which can be augmented or created, and fields of …

uncertainty and the impossibility of predicting the exact time of its occurrence in otherwords, even if there is a particular risk …Risk is a phenomenon that should not be neglected in the decision-making process. It is a fact because there is …

rubric of uncertainty or risk. These situations are associated with the concepts of, respectively, ambiguity and fundamental …This paper is an attempt to go beyond dichotomic taxonomies of the concept of uncertainty. It argues for the need to … uncertainty. It is also argued that Keynes refers both to situations of ambiguity and of fundamental uncertainty in his several …

see the possible realization of an act or event under certain conditions. Uncertainty is caused by emotional status of the … decision maker due to more subjective factors or to the knowledge to achieve an objective. Risk is a combination of the two … elements characterized by a possible description of probabilities under insecurity uncertainty conditions. …

The aim of this paper is to provide a theoretical model in order to analyse environmental policy under uncertainty … periods. As in Barrett (2013), uncertainty regards a threshold pollution level that, if violated, triggers a natural disaster … not straightforward: this depends on a risk spreading vs. information learning trade off. …