Uncertainty in Strategic Decision Making

Uncertainty in Strategic Decision Making

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Product Description

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.

Product Specifications

SourceFeedType Shopping
CustomLabel1 EN
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CustomLabel0 Richard J. Arend
Gtin 9783031485558
Availability in stock
AdvertiserName SpringerLink Shop INT
ProductType
  • Books > Business and Management
IsBundle No
Condition New
Adult No
Material Soft cover
SalePriceEffectiveDateEnd 2026-09-02T05:59:59.999Z
CustomLabel2 Palgrave Macmillan
SalePriceEffectiveDateStart 2026-06-03T06:00:00Z
ItemListName EN

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