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The Uncertainty Effect

The Uncertainty Effect
Author: Michelle Lazarus
Publisher:
Total Pages: 0
Release: 2023-04-17
Genre:
ISBN: 9781038727770

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A smart, practical book that shows us how to navigate uncertain times. In an age of pandemic and economic precarity, how can we learn to embrace uncertainty in our workplaces, schools and businesses? And how can better understanding uncertainty help us to build resilience, foster social justice and deal with the big issues, such as climate change? Award-winning educator Michelle Lazarus shows us how uncertainty tolerance can help. From how teachers can prepare students for an uncertain workforce, to reducing burnout in trainee doctors, to confronting the effects of climate change, this smart, practical popular-science book has an affirming message: we may not be able to predict the future, but we can learn to navigate it. Drawing on Michelle's original research, it will appeal to readers of Emily Ehler's Hope is a Verb and Jonica Newby's Beyond Climate Grief.


The Uncertainty Effect

The Uncertainty Effect
Author: Wilson
Publisher:
Total Pages: 168
Release: 2019-08-15
Genre:
ISBN: 9780994447470

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An introduction to risk management


Uncertainty in Economics

Uncertainty in Economics
Author: Peter Diamond
Publisher: Academic Press
Total Pages: 569
Release: 2014-05-10
Genre: Business & Economics
ISBN: 1483264505

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Uncertainty in Economics: Readings and Exercises provides information pertinent to the fundamental aspects of the economics of uncertainty. This book discusses ho uncertainty affects both individual behavior and standard equilibrium theory. Organized into three parts encompassing 30 chapters, this book begins with an overview of the relevance of expected utility maximization for positive and normative theories of individual choice. This text then examines the biases in judgments, which reveal some heuristics of thinking under uncertainty. Other chapters consider the effect of restricting trade in contingent commodities to those trades that can be affected through the stock and bond markets. This book discusses as well the individual problem of sequential choice and equilibria, which are built around the notion of sequential choice. The final chapter deals with an entirely different aspect of the economics of information and reverts to the assumption that markets are perfect and costless. This book is a valuable resource for economists and students.


Risk, Uncertainty and Profit

Risk, Uncertainty and Profit
Author: Frank H. Knight
Publisher: Cosimo, Inc.
Total Pages: 401
Release: 2006-11-01
Genre: Business & Economics
ISBN: 1602060053

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A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.


The Uncertainty-Governance Choice Puzzle Revisited

The Uncertainty-Governance Choice Puzzle Revisited
Author: Franziska König
Publisher: Springer Science & Business Media
Total Pages: 358
Release: 2009-06-20
Genre: Business & Economics
ISBN: 3834994499

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Franziska König examines the anatomy of uncertainty-governance choice relationships from different theoretical angles, including transaction costs economics, resource-based theory, and real options theory. The book provides, furthermore, comprehensive empirical insights both from secondary data examined with a “vote-counting” analysis as well as from primary data, collected through a “policy-capturing” study.


The Uncertainty Channel of Contagion

The Uncertainty Channel of Contagion
Author: Mr.Prakash Kannan
Publisher: International Monetary Fund
Total Pages: 42
Release: 2009-10-01
Genre: Business & Economics
ISBN: 1451873662

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The 2007 subprime crisis in the U.S. triggered a succession of financial crises around the globe, reigniting interest in the contagion phenomenon. Not all crises, however, are contagious. This paper models a new channel of contagion where the degree of anticipation of crises, through its impact on investor uncertainty, determines the occurrence of contagion. Incidences of surprise crises lead investors to doubt the accuracy of their informationgathering technology, which endogenously increases the probability of crises elsewhere. Anticipated crisis, instead, have the opposite effect. Importantly, this channel is empirically shown to have an independent effect beyond other contagion channels.


The Effect of Uncertainty on Tidal Stream Energy Resource Estimates

The Effect of Uncertainty on Tidal Stream Energy Resource Estimates
Author: Monika Johanna Kreitmair
Publisher: Springer Nature
Total Pages: 128
Release: 2020-10-23
Genre: Technology & Engineering
ISBN: 3030576582

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This thesis is focused on river and tidal stream power assessment, focussing particularly on uncertainties in power estimates resulting from inaccurate characterisation of bed roughness and turbine drag. It presents analytical and numerical models for the transfer of these uncertainties through to turbine power uncertainty in a strait, exploring how this affects metrics such as mean power and its standard deviation. Perturbation methods are used to determine the leading-order effects of friction and drag uncertainty in tidal stream power assessment. The methods for uncertainty transfer presented in this thesis could readily be applied to numerous other problems encountered in hydraulic engineering, such as flow routing, urban flood risk, and reservoir sedimentation. It will therefore be of interest to researchers, engineers, and students in these fields.


Completing the Forecast

Completing the Forecast
Author: National Research Council
Publisher: National Academies Press
Total Pages: 124
Release: 2006-10-09
Genre: Science
ISBN: 0309180538

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Uncertainty is a fundamental characteristic of weather, seasonal climate, and hydrological prediction, and no forecast is complete without a description of its uncertainty. Effective communication of uncertainty helps people better understand the likelihood of a particular event and improves their ability to make decisions based on the forecast. Nonetheless, for decades, users of these forecasts have been conditioned to receive incomplete information about uncertainty. They have become used to single-valued (deterministic) forecasts (e.g., "the high temperature will be 70 degrees Farenheit 9 days from now") and applied their own experience in determining how much confidence to place in the forecast. Most forecast products from the public and private sectors, including those from the National Oceanographic and Atmospheric Administration's National Weather Service, continue this deterministic legacy. Fortunately, the National Weather Service and others in the prediction community have recognized the need to view uncertainty as a fundamental part of forecasts. By partnering with other segments of the community to understand user needs, generate relevant and rich informational products, and utilize effective communication vehicles, the National Weather Service can take a leading role in the transition to widespread, effective incorporation of uncertainty information into predictions. "Completing the Forecast" makes recommendations to the National Weather Service and the broader prediction community on how to make this transition.