IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/74665.html
   My bibliography  Save this paper

Theoretical Model to Estimate System Uncertainty in Economics

Author

Listed:
  • Kuzmin, Evgeny A.

Abstract

The purpose of this article - more precisely definition for the approach to a quantitative assessment of the system uncertainty in view of identified methodological assumptions. According to academic ideas in today's economic studies, all cases of represented uncertainty are usually divided into three groups, i.e. the environmental uncertainty, the decision-making uncertainty and the uncertainty of consequences from made decisions. Such kinds of unpredictability only cover a part of an economic cooperation. There are aspects in place that go beyond the conventional view. Their synthesis through the prism of the system uncertainty is a pressing research objective. Prerequisites have been identified that contribute into method justification and specify the requirements to it; an approach to the estimation has been presented in a formalized way with a specified number of essential points. The content of common uncertainty errors has been also revealed. In the approach development, as a result, existing uncertainty circles (cycles) have been recognised.

Suggested Citation

  • Kuzmin, Evgeny A., 2016. "Theoretical Model to Estimate System Uncertainty in Economics," MPRA Paper 74665, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:74665
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/74665/1/MPRA_paper_74665.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kuzmin, E. A., 2012. "Uncertainty and certainty property estimation of organizational-economic system," MPRA Paper 39372, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Viktoria Akberdina & Anatoliy Grebenkin & Olga Smirnova, 2017. "Comprehensive Assessment of Industries Economic Security: Regional Aspect," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(4), pages 1264-1279.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kuzmin, Evgeny, 2014. "Individual Scaling and Overall Evaluation of System Uncertainty," MPRA Paper 60509, University Library of Munich, Germany.
    2. Evgeny Kuzmin, 2015. "“Individual†Scaling and Overall Evaluation of System Uncertainty," Modern Applied Science, Canadian Center of Science and Education, vol. 9(3), pages 1-34, March.
    3. Kuzmin, Evgeny A. & Barbakov, Oleg M., 2015. "Institutional Efficiency and Processes of Institutional Changes (as Seen by the Russian Academic Tradition)," MPRA Paper 62404, University Library of Munich, Germany.

    More about this item

    Keywords

    System uncertainty; Group of polensive entropy; Group of singular entropy; Uncertainty circle.;
    All these keywords.

    JEL classification:

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

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:74665. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.