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Rescooped by Miklos Szilagyi from Complex systems and projects
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The four types of incertitude – Tom Vladeck

The four types of incertitude – Tom Vladeck | Business Coaching | Scoop.it

This post was inspired by a recent tweet:

With uncertainty the underlying distribution of outcomes is undefined; with risk we know the distribution. http://t.co/rnUtv32YOg

— Tren Griffin (@trengriffin) March 30, 2014


Via Philippe Vallat
Miklos Szilagyi's insight:

Good point... look at the quadrates of outcome/probability and certitude/incertitude...:-))) that is it...

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Philippe Vallat's curator insight, April 7, 5:24 AM

About risk - uncertainty - ambiguity - ignorance

Rescooped by Miklos Szilagyi from Mindfull Decision Making
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Deep Rationality: The Evolutionary Economics of Decision Making ...

Even though I consider that I am across the literature at the boundary of economics and evolutionary biology, now and then an article pops up that I someho.

Via Philippe Vallat
Miklos Szilagyi's insight:

Wow... very interesting topic, and a pdf embedded I would have been missed forward...

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