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Uncertainty in Strategic Decision Making
Language
English
English
Book
Paperback
Knight (1921) defines uncertainty as an informational market failure that, while being detrimental t...
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Libristo code: 47153975
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Knight (1921) defines uncertainty as an informational market failure that, while being detrimental to most existing businesses, presents possible profitable opportunities for others. This book builds upon that classic work by providing an analysis of the alternative approaches to strategic decision-making under such uncertainty. It covers what uncertainty is, why it is important, and what connections it has to business and related fields, culminating in a new and comprehensive typology and a valuable guide for how to appropriately address various types of uncertainties, even under AI.
It clarifies the current terminological and categorical confusion about 'unknowns' while complementing the mathematical, probability-based approaches that treat uncertainty as 'knowable' (i.e., as risk). It corrects the mistaken approaches that treat 'unknowables' as 'shapeable' or 'discoverable'. This book widens the perspective for viewing uncertainty, in terms of its impacts across humanity, byoffering a shrewder understanding of what roles uncertainties play in human activity. It will appeal to academics across business, economics, philosophy, and other disciplines looking for approaches to apply, test, and hone for dealing with decision-making under uncertainty.
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About the book
Full name
Uncertainty in Strategic Decision Making
Author
Richard J. Arend
Language
English
English
Binding
Book - Paperback
Date of issue
2025
Number of pages
480
EAN
9783031485558
ISBN
3031485556
Libristo code
47153975
Publishers
Springer Nature Switzerland
Weight
615
Dimensions
148 x 210 x 26
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