although risk can be measured, uncertainty cannot be measured. Even though risk can be measured, a simple symmetric measure … attempt at "measuring" risk or (fundamental) uncertainty is flawed. … financial institutions. The Finance literature had decided that it was impossible to have bubbles in financial markets and any …

robustness under risk aversion and ambiguity aversion. We aim to understand the potential consequences of deeply uncertain … chain-level preparedness to aggregate shocks. Augmenting a parsimonious supply chain model with uncertainty, we analyse the … relationship between the upstream sourcing decisions and the supply chain survival probability. Both risk-averse and ambiguity …

-form expressions of welfare loss from shocks and epistemological uncertainty identify the interaction of (intertemporal) risk attitude … is comparable to numeric models used in policy advising. Uncertainty surrounding climate change remains large. The closed …, distributional moments, and the climatic shadow values. Welfare gains from reducing uncertainty about temperature feedbacks are much …