Uncertainty

Hawkins, C. J.; Pearce, D. W.

doi:10.1007/978-1-349-01036-3_7

C. J. Hawkins³ &
D. W. Pearce⁴

Part of the book series: Macmillan Studies in Economics ((MSE))

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Abstract

The problem of uncertainty is different from risk in that the probability distribution of the outcomes is not known. Many approaches to deal with uncertainty have been advocated. One simple procedure which is becoming increasingly popular is sensitivity analysis.

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Authors and Affiliations

University of Southampton, UK
C. J. Hawkins (Senior Lecturer in Economics)
University of Aberdeen, UK
D. W. Pearce (Professor of Political Economy)

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C. J. Hawkins
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D. W. Pearce
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Hawkins, C.J., Pearce, D.W. (1971). Uncertainty. In: Capital Investment Appraisal. Macmillan Studies in Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-01036-3_7

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DOI: https://doi.org/10.1007/978-1-349-01036-3_7
Publisher Name: Palgrave, London
Print ISBN: 978-1-349-01038-7
Online ISBN: 978-1-349-01036-3
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)

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