Sentence examples for irreversible uncertainty from inspiring English sources

If an investment is irreversible, uncertainty raises the value of hoarding cash and waiting to see what happens.Gauging the fogQuantifying uncertainty is a more recent sport.

In a 1980 paper Ben Bernanke, now chairman of the Federal Reserve, formalised this effect: since most investment is irreversible, uncertainty "increases the value of waiting for new information [and thus] retards the current rate of investment".

That is the media's job.* "Irreversible Investment with Uncertainty and Scale Economies".

The real options reveal the strategic value behind irreversible investments under uncertainty, which fail to be assessed using the net present value (NPV) method.

Real options are a way of valuing projects such as oil fields, which involve irreversible investment decisions subject to uncertainty.

I am genuinely worried as to the risks, the costs and uncertainties of an irreversible vote on Thursday".

Managing socio-ecological systems is a challenge wrought by competing societal objectives, deep uncertainties, and potentially irreversible tipping points.

However, risk management decisions must be made facing these uncertainties to avoid high and irreversible impacts.

The United Nations Framework Convention on Climate Change has clearly stated that action is needed in the presence of uncertainty if the potential adverse effects are severe and irreversible ('Precautionary Principle' (47)).

Playing down the importance of irreversible threats to our life-support systems helps the Bush administration and Congress use inevitable uncertainty as an excuse to avoid taking action until it is too late.

Uncertainty, he argued, could increase the return to firms from waiting rather than making irreversible investments.