The question of how to deal with uncertainty in environmental decision-making is cur-rently attracting considerable … uncertainty becomes particularly apparent in the field of environmental policy because environmental prob-lems are regarded as … the challenge to develop scientific decision support methods that are capable of dealing with uncertainty in a systematic …

Making decisions under uncertainty is at the core of human decision-making, particularly economic decision-making. In … economics, a distinction is often made between quantifiable uncertainty (risk) and un-quantifiable uncertainty (Knight …, Uncertainty and Profit, 1921). However, this distinction is often ignored by, in effect, the quantification of unquantifiable …

economy, this paper suggests the two disciplines face a common problem when it comes to uncertainty. It is argued that … intervention, are as yet any nearer to providing robust solutions to the problems posed by Keynesian uncertainty. Under the … uncertainty follows, suggesting a future research agenda in this area of common interest to AI and economics. …

In the history of economic thought, Shackle was one of the representative critics about probability based economic … theory. Specifically, he constructed his own concept of subjective uncertainty called potential surprise to replace … probability. In 1980s, the potential surprise is axiomatized by Katzner as Kolmogorov-styled measure defined on the &#x1d70e …

graphing tools are used, such as, probability paper and different specifications of exponential functions representing … cumulative probability distributions. The argument is that traditional time-series analysis implies a given universe, usually … uncertainty (nonmeasureable risk) due to regime changes. The analogs show the investor how to determine when a regime change has …

generally guided by call-put option pricing models - which rely on an ergodic notion of probability that conforms to a normal … distribution function. This paper considers critiques of the above models, which include Keynes's Treatise on Probability (1921 … uncertainty." The methodological issues, as can be pointed out, are relevant in the context of policy issues and social …

probe to what extent liquidity constraints and information influence the WTP. Our results show that the average WTP is close … to the cost of production for corrective glasses. Nevertheless, we find evidence for information constraints. Our video …

traveler's choice whether to adopt advanced traveler information systems, implying the derivation of a demand function for … the last decade large efforts have been made to increase the availability of information to travelers by means of advanced … traveler information systems (ATIS). This paper reviews economic aspects of information in transport markets. First, I will …

both demand and cost information, thereby justifying the literature's omniscient-government assumption. With price … competition, however, firms have no incentives to disclose demand or cost information, so governments remain uninformed. Further …We relax the standard assumption in the strategic trade policy literature that governments possess complete information …