The existence of ambiguity presents a challenge to decision-makers as it eliminates the ability to apply standard optimization approaches, such as those based on calculating the objective expected values of alternative actions. In reality, ambiguity arises in most strategically important...

With this research, we contribute to the study of ambiguity by analyzing how it can be handled in a rational, objective manner across the main strategic decision-making contexts that entrepreneurs and organizations face. Differentiating from most previous managerial and entrepreneurial studies,...

In this exploratory study, we challenge real decision makers to make choices in strategic games involving ambiguity, and to rationalize those choices. Such games are unique because they are not optimizable; however, the challenge such decisions represent-making choices over irreversible resource...

Chapter 1. Overview of this Book on Strategic Decision-Making under Uncertainty -- Chapter 2. Confusion over Uncertainty in Decision-Making -- Chapter 3. Definitions of Uncertainty (for Decision-Making) -- Chapter 4. Sources of Uncertainty (in Decision-Making) -- Chapter 5. Span of Effects of...