Substantive and Procedural Uncertainty: An Exploration of Economic Behaviours in Changing Environments.

Different sources of uncertainty are analysed and a representation of decision-making in principle consistent with behavioural evidence is proposed. The endogenous emergence of "innovations," in the forms of unexpected events and novel behaviors is also examined.

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Year of publication:	1991
Authors:	Dosi, G ; Egidi, M
Published in:	Journal of Evolutionary Economics. - Springer. - Vol. 1.1991, 2, p. 145-68
Publisher:	Springer

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005396174