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Risk and Uncertainty [PDF]

open access: yes, 2019
The chapter goes into more detail about risk and uncertainty, arguing that we focus too much on the former and not enough on the latter. The chapter clarifies concepts we’ll need for subsequent chapters. These include decision trees, psychology, and social risk.
Dow, Sheila, Sheila Dow
core   +3 more sources
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Weighing risk and uncertainty.

Psychological Review, 1995
Decision theory distinguishes between risky prospects, where the probabilities associated with the possible outcomes are assumed to be known, and uncertain prospects, where these probabilities are not assumed to be known. Studies of choice between risky prospects have suggested a nonlinear transformation of the probability scale that overweights low ...
Amos Tversky, Craig R. Fox
openaire   +1 more source

Estimates, uncertainty, and risk

IEEE Software, 1997
The authors discuss the sources of uncertainty and risk, their implications for software organizations, and how risk and uncertainty can be managed. Specifically, they assert that uncertainty and risk cannot be managed effectively at the individual project level. These factors must be considered in an organizational context.
Barbara A. Kitchenham   +1 more
openaire   +1 more source

Risk and Uncertainty

Journal of Hospital Marketing & Public Relations, 2010
Volatile business conditions have led to drastic corporate downsizing, meaning organizations are expected to do more with less. Managers must be more knowledgeable and possess a more eclectic myriad of business skills, many of which have not even been seen until recently.
openaire   +3 more sources

Knight on Risk and Uncertainty

Journal of Political Economy, 1987
It is argued that the received interpretation of Knight's classic riskuncertainty distinction-as concerning whether or not agents have subjective probabilities-constitutes a misreading of Knight. On the contrary, Knight shared the modern view that agents can be assumed always to act as if they have subjective probabilities.
LeRoy, Stephen F, Singell, Larry D, Jr
openaire   +1 more source

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