A notion of cognitive uncertainty is introduced as an agent's uncertainty about the validity of the results of his own … shown how cognitive uncertainty may prevent a group of well informed rational agents from playing backward induction in a … game of perfect information, whereas they would play backward induction without such uncertainty. …

We present a model of firm investment under uncertainty and partial irreversibility in which uncertainty is represented … by a jump diffusion. This allows to represent both the continuous Gaussian volatility and the discontinuous uncertainty … related to information arrival, sudden changes and large shocks. The model shows how both sources of uncertainty negatively …

-world quantities with transparent uncertainty quantification, than when based on “optimal” model-land quantities obtained from …

uncertainty principle. Problems, which can be solved, research fields, which can be augmented or created, and fields of …

the management of responses and adaptation to uncertainty in a society’s internal and external environments. This can …

. The discussions brings the concept of uncertainty in almost everything of social realms and makes some points related to …

We derive robust predictions on the effects of uncertainty on short run investment dynamics in a broad class of models … of UK firms and a stock returns-based measure of uncertainty. As predicted we find that uncertainty reduces firms …