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, by offering 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.
This book explores 'wicked entrepreneurship', or the proliferation of evil that harms our economic and social transactions, as the greatest socio-economic problem of our time and offers strategies to identify and address this phenomenon.
This book provides value to anyone interested in theory—for understanding why it exists, why it exists in the form it does, what it is (and what it is not), how to do it and when and where, and the responsibilities it entails. It is useful for those studying theory (or the philosophy of science), for those writing theory, for those critiquing theory, and for those trying to understand and apply theory. The book provides perspective in this ‘thing’ (theory) that is ubiquitous, species-differentiating, and yet deeply flawed in many ways—the thing that undergirds humanity’s greatest successes and continued failures. It demystifies the heart of ‘science’, while unifying the ‘sciences’ in terms of goals and duties.
This book explores 'wicked entrepreneurship', or the proliferation of evil that harms our economic and social transactions, as the greatest socio-economic problem of our time and offers strategies to identify and address this phenomenon.
The Handbook of Nutrition in Ophthalmology is the first general text on nutrition and eye health created for physicians, nutritionists, and researchers. The author provides important links between the epidemic of obesity and implications it has for eye disease and blindness. The volume also includes chapters addressing nutritional aspects of preventing eye disease in diabetes mellitus and other optical neuropathies, making this a unique book.
This book provides value to anyone interested in theory—for understanding why it exists, why it exists in the form it does, what it is (and what it is not), how to do it and when and where, and the responsibilities it entails. It is useful for those studying theory (or the philosophy of science), for those writing theory, for those critiquing theory, and for those trying to understand and apply theory. The book provides perspective in this ‘thing’ (theory) that is ubiquitous, species-differentiating, and yet deeply flawed in many ways—the thing that undergirds humanity’s greatest successes and continued failures. It demystifies the heart of ‘science’, while unifying the ‘sciences’ in terms of goals and duties.
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