£114.06

MACMILLAN Uncertainty in Strategic Decision Making: Analysis, Categorization, Causation and Resolution

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£114.06 £97.65 £101.23 £104.81 £108.39 £111.97 £115.55 11 March 2026 20 March 2026 30 March 2026 08 April 2026 18 April 2026

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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

Format
hardcover
Domain
Amazon UK
Release Date
04 January 2024
Listed Since
13 October 2023

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