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 …