Entrepreneurship scholars are interested in understanding and describing how entrepreneurs make decisions under … uncertainty, where the probabilities of outcomes are not known but perceived, resulting in ambiguous probabilities. In this … react to uncertainty from Frank Knight (1921) to the present day. Recognizing that entrepreneurs face uncertainty rather …

Uncertainty plays a crucial role for most entrepreneurship theories and is thus at the core of entrepreneurship … research. Despite decades of research efforts, the notion of uncertainty is still somewhat vague and elusive, however …. Consequently, desirable improvement of our understanding of uncertainty requires further considerations. Fortunately, in a recent …