Decision making under risk and uncertainty encompasses a broad spectrum of theoretical and empirical approaches aimed at understanding how individuals evaluate probabilistic outcomes under various ...

Uncertainty makes us uncomfortable. Yet the research is clear: It is essential for growth. The challenge isn’t eliminating ambiguity but learning to navigate it.

Mathematics is deemed to be beyond figures. It is described as the foundation of resilience in society. Thus, this made Temitope Comfort Iroko, a PhD candidate in Mathematics at the University of ...

Uncertainty seems to be everywhere right now. Uncertainty about the economy, politics, careers, weather, and wars, to name just a few. Doubt sets in anytime we face a decision with incomplete or ...

Posts from this author will be added to your daily email digest and your homepage feed. With the world around us changing rapidly, uncertainty is inescapable. We feel it in both our personal and ...

Why risk management is a leadership skill, not a finance task, and how CEOs should factor risk into every financial decision to protect cash, profit, and growth.

In high-pressure environments, leaders often hesitate to make bold decisions for fear of failure. But what if the real failure is avoiding the decision altogether? One essential leadership trait is ...

Decision-making in the presence of risk and uncertainties is always challenging. Decision makers would like to evaluate the risks prior to their decisions to understand the ranges of possible outcomes ...