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Uncertainty Cyclicity and Projectionness

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  • Kuzmin, Evgeny

Abstract

The paper's research focus is a methodological issue of a relationship between the uncertainty and risks, their co-evolutionary influence on each other. To discuss this, we in details describe the "projectionness" as an available specific property of the economic mechanism. It manifests itself in variability of the uncertainty apperception force that presents a power of its transformation into the risk. In the author's model of the cycle, we have presented the uncertainty dynamics, where a multi-level vector of the spiral motion complements a traditional linear sequence in a turnover of various types of the uncertainty. An aprioristic connection between the entropy and risks allows us to make a reasonable conclusion in the paper that the preventive management task is selective regarding both the risks themselves, and the uncertainty.

Suggested Citation

  • Kuzmin, Evgeny, 2015. "Uncertainty Cyclicity and Projectionness," MPRA Paper 67028, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:67028
    as

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    File URL: https://mpra.ub.uni-muenchen.de/67028/1/MPRA_paper_67028.pdf
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    References listed on IDEAS

    as
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    5. Ortwin Renn, 2004. "Perception of Risks," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 29(1), pages 102-114, January.
    6. Friend, Irwin & Blume, Marshall E, 1975. "The Demand for Risky Assets," American Economic Review, American Economic Association, vol. 65(5), pages 900-922, December.
    7. L. Eeckhoudt & C. Gollier & H. Schlesinger, 2005. "Economic and financial decisions under risk," Post-Print hal-00325882, HAL.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Uncertainty; Sustainability; Projectionness; Cyclicity; Uncertainty vector; Risk tetraplet; Vartational uncertainty.;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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