Posts Tagged ‘nzs’

Risk, Uncertainty, Heuristics, Bias

April 14th, 2012 2 comments

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The meaning of the word ‘risk’ has several connotations that differ from one person to another. Deregulation in today’s business environments has forced managers to face unpredictable and sporadic changes, whose inevitability has introduced the phenomena of risk and uncertainty in decision-making. Although Frank Knight provided a clear distinction between these two terms, there are […]

Categories: Risk Management