Decision-Making Under Scientific, Political and Economic Uncertainty
نویسندگان
چکیده
Keynes and Knight make a clear distinction between two kinds of uncertainty : the first one, called risk, may be characterized by probabilities, while this is not possible for the second one. Here we deal with decision-making under genuine uncertainty, no probability distributions being available. We first consider criteria to accept some piece of information as reliable. And we examine the possibility to formally represent decision-making under uncertainty in a way which generalizes the von Neumann-Morgenstern approach to decision-making under risk.
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