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Distinguishing Risk and Uncertainty in Risk Assessments of Emerging Technologies
risk uncertainty carbon nanotubes real-world experiments deliberation decision theory precaution
2011/9/8
Economist Frank Knight drew a distinction between decisions under risk and decisions under uncertainty. Despite the significance of this distinction for decision theory, we argue that there has been i...
Application of the theory of decision making under risk and uncertainty at modelling of costs
Bayesian Theorem cost function fixed cost variable cost probability
2014/4/2
The costs functions are mentioned mostly in the relation to the Break-even Analysis where they are presented in the linear form. But there exist several different types and forms of cost functions. Fi...