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