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In 1974, the psychologists Amos Tversky and Daniel Kahneman wrote a seminal paper about decisions that are based on beliefs about the likelihood of uncertain events, like the outcome of an election or the future value of the dollar.
It is a universal fact that there is no project without uncertain events.
Moreover, it involves multiple uncertain events that may appear at different points in the future.
Intolerance of uncertainty (IU) is the tendency to perceive uncertain events as threatening.
This methodology is useful when only limited information is available on the distribution of the uncertain events.
The management of risk includes the total process of identifying, controlling and minimizing the impact of uneven or uncertain events.
Similar(20)
Then she needed only one attempt in her most uncertain event to qualify for the long jump final.
Such uncertainty about security has made the full flowering of the Iraqi oil industry an uncertain event.
Tonight, and for several nights, he is mounting a magical, spontaneous, uncertain event that depends upon the cooperation of nightingales.
The crisis has had the opposite effect on the Conservatives, making their conference a much more subdued and uncertain event than anyone expected.
Gambling, the betting or staking of something of value, with consciousness of risk and hope of gain, on the outcome of a game, a contest, or an uncertain event whose result may be determined by chance or accident or have an unexpected result by reason of the bettor's miscalculation.
Related(20)
ambiguous events
obscure events
doubtful events
uncertain businesses
unknown events
unpredictable events
unsafe events
indeterminate events
uncertain test
uncertain world
uncertain business
uncertain measurements
uncertain waters
uncertain voters
uncertain nativities
uncertain terms
uncertain prognoses
uncertain developments
uncertain sectors
uncertain times
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com