Decision making under risk and uncertainty encompasses a broad spectrum of theoretical and empirical approaches aimed at understanding how individuals evaluate probabilistic outcomes under various ...

Risk and uncertainty are constant companions for leaders, particularly in modern business. Global economic downturns, unexpected market shifts, technological advancements and other rapid changes call ...

Businesses around the world have faced heightened uncertainties of late: about interest rates and consumer sentiment, in volatile markets, and with increasing risks of trade wars and supply chain ...

A century ago, Frank Knight wrote a book that put uncertainty in its rightful place at the heart of economics and entrepreneurship. I love that his last name was a homonym of “night,” when objects are ...