Substantive and Procedural Uncertainty: An Exploration of Economic Behaviours in Changing Environments
AbstractDifferent sources of uncertainty are analysed and a representation of decision-making in principle consistent with behavioural evidence is proposed. The endogenous emergence of "innovations," in the forms of unexpected events and novel behaviors is also examined.
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Bibliographic InfoArticle provided by Springer in its journal Journal of Evolutionary Economics.
Volume (Year): 1 (1991)
Issue (Month): 2 (April)
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Web page: http://link.springer.de/link/service/journals/00191/index.htm
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