We live in an uncertain world. Business practices need to be dialed in to this uncertainty. That’s been of theme of my work for some time. Many companies have risk management programs which might ...

One of the most difficult times to make ethical decisions is when there is great uncertainty about what the best decision is, or how to go about achieving that best end. Here I will present six ...

“Risk” may not be the best concept for you to consider — instead, you might consider a similar, yet distinct idea: uncertainty. Many successful entrepreneurs recognize the importance of taking risks ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Today’s fast-moving world demands that risk management be an imperative more than ever ...

Journal of Political Economy, Vol. 88, No. 3 (Jun., 1980), pp. 462-475 (14 pages) Using a Bayesian framework, this paper considers a risk-neutral firm which has to pick an investment project out of ...

The scientific understanding of climate change and its impacts has increased dramatically in recent years, but several interacting sources of uncertainty mean that future climate change and its ...