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management for infrastructure project delivery. Drawing upon the lessons from economics, cognitive neuroscience, the history of …-making in the face of uncertainty. The author notes that decision makers must utilize knowledge and clearly identify the … and judgment in the face of uncertainty is the main contribution of this paper to the literature. …
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Smith, Keynes, and Knight, in that order, made seminal contributions to decision making which emphasized uncertainty … and indeterminate probabilities, as opposed to mere imprecision. De Finetti’s views on uncertainty are diametrically …
Persistent link: https://www.econbiz.de/10014142839
This paper develops an equilibrium model to investigate the relationships between transaction uncertainties, risk aversion, insurance, specialization, per capita real income, and productivity progress. It is shown that transaction uncertainties can restrict the division of labor; the level of...
Persistent link: https://www.econbiz.de/10014074233
Probability, the General Theory,and the 1937 Quarterly Journal of Economics, reveal that Keynes’s discussions about uncertainty in … the General Theory, and the 1937 Quarterly Journal of Economics article are simply small ,minor footnotes to the A … mention or make any reference to the 1937 Quarterly Journal of Economics article, which Joan Robinson, G L S Shackle, Paul …
Persistent link: https://www.econbiz.de/10014104170
-based Robust Simulation-Optimization: An Overview -- Simulation-Based Modelling of a Stochastic Equilibrium -- Part II: Uncertainty … Optimization Models with Uncertainties, ABC and RBV -- Addressing Uncertainty in Complex Systems. The Case of Bio-Based Products …This book illustrates strategies to account for uncertainty in complex systems as described by computer simulations …
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