Abstract

Uncertainty is endemic, in economic affairs no less than in other fields of human endeavour. Uncertainty intrudes heavily into decision-making, which is characterised by partial knowledge; irremediable unforeknowledge; and the exercise of hunch and judgement.

Keywords

JudgementEconomicsOperations researchPolitical scienceEngineeringLaw

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Publication Info

Year
1983
Type
book-chapter
Pages
122-159
Citations
25
Access
Closed

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Cite This

Michael Jefferson (1983). Economic Uncertainty and Business Decision-Making. Palgrave Macmillan UK eBooks , 122-159. https://doi.org/10.1007/978-1-349-16992-4_9

Identifiers

DOI
10.1007/978-1-349-16992-4_9