although risk can be measured, uncertainty cannot be measured. Even though risk can be measured, a simple symmetric measure … attempt at "measuring" risk or (fundamental) uncertainty is flawed. … surge in the stock market would be self-correcting. Recent papers have discussed the role of "uncertainty" and its …

of risk, both being associated to the stresses supported by the socio-economic system. We propose instruments for … resilience build-up and management based on a novel classification of risk and resilience management regimes corresponding to the … system's degree of uncertainty/predictability and stress level within it. Four main quadrants are identified: Ad hoc …

Three studies explored the effects of uncertainty on people's time preferences for financial gains and losses. In … general, individuals seek to avoid uncertainty in situations of intertemporal choice. While holding the expected value of … choice, in which people should consistently prefer to have gains now and losses later. This pattern of uncertainty avoidance …

The current coronavirus pandemic is a recent example of how an unpredictable event can cause uncertainty and affect … Uncertainty Index, developed by the three economists Scott R. Baker, Nicholas Bloom and Steven J. Davis, try to capture … perceptions of uncertainty and use them to generate predictions for the economic future. The index is based on a search term that …

This paper evaluates the predictive out-of-sample forecasting properties of six different economic uncertainty …. The core contention is that economic uncertainty improves both forecast accuracy as well as direction-of-change forecasts … an increased relevance of certain economic uncertainty measures for forecasting growth in both real aggregate as well as …

reliance, identify possible vulnerabilities by simulating shocks to GSCs in presence of uncertainty. We stress test supply … sourcing diversification changes in the presence of uncertainty and what are the implications for supply chain robustness and …