uncertainty; and ambiguity and fundamental uncertainty. These concepts refer, or fail to refer, to factors such as: a lack of …The present article proposes a typology of the main varieties of uncertainty considered by economists and refines … existing concepts. This typology combines three distinctions, between: substantive and procedural uncertainty; weak and strong …

ongoing debate on uncertainty, we provide a?brief review of historical developments in economic theory and decision theory …. Uncertainty is thereby understood as either based on decision-making in the context of a?state space representing the exogenous … world, as in Savage’s axiomatisation and some successor concepts (ambiguity as situations with unknown probabilities), or …

of ambiguity through levels of information provided to subjects. The willingness to pay is higher when more amount of …

Creativity is a complex and multi-dimensional phenomenon that has hardly been considered byeconomists, despite a great … deal of economic importance. This paper presents a series ofexperiments where subjects face creativity tasks where, in one … of financialincentives in stimulating creativity in both types of tasks is then tested, together with the impactof …

The paper aims at tracing the connections between the ideas of Keynes, Knight and Mises on uncertainty and probability …

back up to aggregate quantities with robust statistical methods, which account for the fundamental uncertainty one faces in …

>Lexicographic Probabilities and Choice Under Uncertainty <i>(Lawrence Blume, Adam Brandenburger, and Eddie Dekel)</i></li> <li>Admissibility in …

segments and of the probability scale in the presence of non-zero dispersion. The non-zero dispersion may be caused, for …

issues of time and uncertainty in economics. The source of the difference between their economic ideas was the difference … non-justificationist. We draw on Keynes's "A Treatise on Probability," Hayek's "The Sensory Order," and other works to …