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Entrepreneurial Decision Under Risk and Uncertainty


  • Cristian PAUN

    () (Bucharest University of Economic Studies, Romania)


Entrepreneurial decision is always subject to a significant level of uncertainty. Uncertainty is related to human nature and it is the most significant reason for economic action. This paper explains the most important challenges for economic decisions due to different forms of uncertainty associated to it. The paper highlights why uncertainty is important for economic decision and which are the limits of risk management strategies proposed for dealing with such uncertainty.

Suggested Citation

  • Cristian PAUN, 2013. "Entrepreneurial Decision Under Risk and Uncertainty," Management Dynamics in the Knowledge Economy Journal, College of Management, National University of Political Studies and Public Administration, vol. 1(1), pages 111-125, May.
  • Handle: RePEc:nup:jrmdke:v:1:y:2013:i:1:p:111-125

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    References listed on IDEAS

    1. Valentin Cojanu & Mariana Nicolae & Mircea Maniu, 2009. "Economics education from scratch: a view from post-communist Romania," International Journal of Pluralism and Economics Education, Inderscience Enterprises Ltd, vol. 1(1/2), pages 161-173.
    2. Ajay Agrawal & Rebecca Henderson, 2002. "Putting Patents in Context: Exploring Knowledge Transfer from MIT," Management Science, INFORMS, vol. 48(1), pages 44-60, January.
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