Download or read book Uncertainty and Risk written by Gabriele Bammer and published by Taylor & Francis. This book was released on 2012-05-04 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a major, and deeply thoughtful, contribution to understanding uncertainty and risk. Our world and its unprecedented challenges need such ways of thinking! Much more than a set of contributions from different disciplines, this book leads you to explore your own way of perceiving your own area of work. An outstanding contribution that will stay on my shelves for many years. Dr Neil T. M. Hamilton, Director, WWF International Arctic Programme This collection of essays provides a unique and fascinating overview of perspectives on uncertainty and risk across a wide variety of disciplines. It is a valuable and accessible sourcebook for specialists and laypeople alike. Professor Renate Schubert, Head of the Institute for Environmental Decisions and Chair of Economics at the Swiss Federal Institute of Technology This comprehensive collection of disciplinary perspectives on uncertainty is a definitive guide to contemporary insights into this Achilles heel of modernity and the endemic hubris of institutional science in its role as public authority. It gives firm foundations to the fundamental historic shift now underway in the world, towards normalizing acceptance of the immanent condition of ignorance and of its practical corollaries: contingency, uncontrol, and respect for difference. Brian Wynne, Professor of Science Studies, Lancaster University Bammer and Smithson have assembled a fascinating, important collection of papers on uncertainty and its management. The integrative nature of Uncertainty and Risk makes it a landmark in the intellectual history of this vital cross-disciplinary concept. George Cvetkovich, Director, Center for Cross-Cultural Research, Western Washington University Uncertainty governs our lives. From the unknowns of living with the risks of terrorism to developing policies on genetically modified foods, or disaster planning for catastrophic climate change, how we conceptualize, evaluate and cope with uncertainty drives our actions and deployment of resources, decisions and priorities. In this thorough and wide-ranging volume, theoretical perspectives are drawn from art history, complexity science, economics, futures, history, law, philosophy, physics, psychology, statistics and theology. On a practical level, uncertainty is examined in emergency management, intelligence, law enforcement, music, policy and politics. Key problems that are a subject of focus are environmental management, communicable diseases and illicit drugs. Opening and closing sections of the book provide major conceptual strands in uncertainty thinking and develop an integrated view of the nature of uncertainty, uncertainty as a motivating or de-motivating force, and strategies for coping and managing under uncertainty.

Download or read book Policy Uncertainty in Japan written by Ms.Elif C Arbatli and published by International Monetary Fund. This book was released on 2017-05-30 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards building on the approach of Baker, Bloom and Davis (2016). Each index reflects the frequency of newspaper articles that contain certain terms pertaining to the economy, policy matters and uncertainty. Our overall EPU index co-varies positively with implied volatilities for Japanese equities, exchange rates and interest rates and with a survey-based measure of political uncertainty. The EPU index rises around contested national elections and major leadership transitions in Japan, during the Asian Financial Crisis and in reaction to the Lehman Brothers failure, U.S. debt downgrade in 2011, Brexit referendum, and Japan’s recent decision to defer a consumption tax hike. Our uncertainty indices for fiscal, monetary, trade and exchange rate policy co-vary positively but also display distinct dynamics. VAR models imply that upward EPU innovations foreshadow deteriorations in Japan’s macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our study adds to evidence that credible policy plans and strong policy frameworks can favorably influence macroeconomic performance by, in part, reducing policy uncertainty.

Download or read book Uncertainty and Possibility written by Yoko Akama and published by Routledge. This book was released on 2020-06-08 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uncertainty and possibility are emerging as both theoretical concepts and fields of empirical investigation, as scholars and practitioners seek new creative, hopeful and speculative modes of understanding and intervening in a world of crisis.This book offers new perspectives on the central issues of uncertainty and possibility, and identifies new research methods which take advantage of disruptive and experimental techniques. Advancing a practical agenda for future making, it reveals how uncertainty can be engaged as a generative ‘technology’ for understanding, researching and intervening in the world. Drawing on key themes in creative methodologies, such as making, essaying, inhabiting and attuning, chapters explore contemporary sites of practice. The book looks at maker spaces and technology design, the imaginaries of architectural design, the temporalities of built cultural heritage, and interdisciplinary making and performing. Based on the authors' own academic work and their applied research with a range of different organizations, Uncertainty and Possibility outlines new opportunities for research and intervention. It is essential reading for students, scholars and practitioners in design anthropology and human-centred design.

Download or read book Perspectives on Uncertainty and Risk written by Marjolein B.A. van Asselt and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is intended to stimulate a change in the practice of decision support, advocating an interdisciplinary approach centred on both social and natural sciences, both theory and practice. It addresses the issue of analysis and management of uncertainty and risk in decision support corresponding to the aims of Integrated Assessment. A pluralistic method is necessary to account for legitimate plural interpretations of uncertainty and multiple risk perceptions. A wide range of methods and tools is presented to contribute to adequate and effective pluralistic uncertainty management and risk analysis in decision support endeavours. Special attention is given to the development of one such approach, the Pluralistic fRamework for Integrated uncertainty Management and risk Analysis (PRIMA), of which the practical value is explored in the context of the Environmental Outlooks produced by the Dutch Institute for Public Health and Environment (RIVM). Audience: This book will be of interest to researchers and practitioners whose work involves decision support, uncertainty management, risk analysis, environmental planning, and Integrated Assessment.

Download or read book Proceedings of the 7th International Conference on Economic Management and Green Development written by Xiaolong Li and published by Springer Nature. This book was released on with total page 2095 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Investment under Uncertainty written by Robert K. Dixit and published by Princeton University Press. This book was released on 2012-07-14 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditional economic models of investment failed to explain the behavior of investment spending in the United States and other countries? In this book, Avinash Dixit and Robert Pindyck provide the first detailed exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions, and the ongoing uncertainty of the economic environment in which these decisions are made. In so doing, they answer important questions about investment decisions and the behavior of investment spending. This new approach to investment recognizes the option value of waiting for better (but never complete) information. It exploits an analogy with the theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and extend the various strands of research that have come out of the theory. Their book shows the importance of the theory for understanding investment behavior of firms; develops the implications of this theory for industry dynamics and for government policy concerning investment; and shows how the theory can be applied to specific industries and to a wide variety of business problems.

Download or read book The Politics of Uncertainty written by Ian Scoones and published by Routledge. This book was released on 2020-07-14 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why is uncertainty so important to politics today? To explore the underlying reasons, issues and challenges, this book’s chapters address finance and banking, insurance, technology regulation and critical infrastructures, as well as climate change, infectious disease responses, natural disasters, migration, crime and security and spirituality and religion. The book argues that uncertainties must be understood as complex constructions of knowledge, materiality, experience, embodiment and practice. Examining in particular how uncertainties are experienced in contexts of marginalisation and precarity, this book shows how sustainability and development are not just technical issues, but depend deeply on political values and choices. What burgeoning uncertainties require lies less in escalating efforts at control, but more in a new – more collective, mutualistic and convivial – politics of responsibility and care. If hopes of much-needed progressive transformation are to be realised, then currently blinkered understandings of uncertainty need to be met with renewed democratic struggle. Written in an accessible style and illustrated by multiple case studies from across the world, this book will appeal to a wide cross-disciplinary audience in fields ranging from economics to law to science studies to sociology to anthropology and geography, as well as professionals working in risk management, disaster risk reduction, emergencies and wider public policy fields.

Download or read book Uncertainty and Economics written by Christian Müller-Kademann and published by Routledge. This book was released on 2019-01-08 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is set against the assumption that humans' unique feature is their infinite creativity, their ability to reflect on their deeds and to control their actions. These skills give rise to genuine uncertainty in society and hence in the economy. Here, the author sets out that uncertainty must take centre stage in all analyses of human decision making and therefore in economics. Uncertainty and Economics carefully defines a taxonomy of uncertainty and argues that it is only uncertainty in its most radical form which matters to economics. It shows that uncertainty is a powerful concept that not only helps to resolve long-standing economic puzzles but also unveils serious contradictions within current, popular economic approaches. It argues that neoclassical, real business cycle, or new-Keynesian economics must be understood as only one way to circumvent the analytical challenges posed by uncertainty. Instead, embracing uncertainty offers a new analytical paradigm which, in this book, is applied to standard economic topics such as institutions, money, the Lucas critique, fiscal policy and asset pricing. Through applying a concise uncertainty paradigm, the book sheds new light on human decision making at large. Offering policy conclusions and recommendations for further theoretical and applied research, it will be of great interest to postgraduate students, academics and policy makers.

Download or read book War and Chance written by Jeffrey A. Friedman and published by Oxford University Press. This book was released on 2019-04-01 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uncertainty surrounds every major decision in international politics. Yet there is almost always room for reasonable people to disagree about what that uncertainty entails. No one can reliably predict the outbreak of armed conflict, forecast economic recessions, anticipate terrorist attacks, or estimate the countless other risks that shape foreign policy choices. Many scholars and practitioners therefore believe that it is better to keep foreign policy debates focused on the facts - that it is, at best, a waste of time to debate uncertain judgments that will often prove to be wrong. In War and Chance, Jeffrey A. Friedman shows how foreign policy officials often try to avoid the challenge of assessing uncertainty, and argues that this behavior undermines high-stakes decision making. Drawing on an innovative combination of historical and experimental evidence, he explains how foreign policy analysts can assess uncertainty in a manner that is theoretically coherent, empirically meaningful, politically defensible, practically useful, and sometimes logically necessary for making sound choices. Each of these claims contradicts widespread skepticism about the value of probabilistic reasoning in international politics, and shows how placing greater emphasis on assessing uncertainty can improve nearly any foreign policy debate. A clear-eyed examination of the logic, psychology, and politics of assessing uncertainty, War and Chance provides scholars and practitioners with new foundations for understanding one of the most controversial elements of foreign policy discourse.

Download or read book International Monetary Fund Annual Report 2012 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-10-04 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF's 2012 Annual Report chronicles the response of the Fund's Executive Board and staff to the global financial crisis and other events during financial year 2012, which covers the period from May 1, 2011, through April 30, 2012. The print version of the Report is available in eight languages (Arabic, Chinese, English, French, German, Japanese, Russian, and Spanish), along with a CD-ROM (available in English only) that includes the Report text and ancillary materials, including the Fund's Financial Statements for FY2012.

Download or read book Alternative Economic Indicators written by C. James Hueng and published by W.E. Upjohn Institute. This book was released on 2020-09-08 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policymakers and business practitioners are eager to gain access to reliable information on the state of the economy for timely decision making. More so now than ever. Traditional economic indicators have been criticized for delayed reporting, out-of-date methodology, and neglecting some aspects of the economy. Recent advances in economic theory, econometrics, and information technology have fueled research in building broader, more accurate, and higher-frequency economic indicators. This volume contains contributions from a group of prominent economists who address alternative economic indicators, including indicators in the financial market, indicators for business cycles, and indicators of economic uncertainty.

Download or read book Managing Risk and Uncertainty written by Richard Friberg and published by MIT Press. This book was released on 2015-11-13 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive framework for assessing strategies for managing risk and uncertainty, integrating theory and practice and synthesizing insights from many fields. This book offers a framework for making decisions under risk and uncertainty. Synthesizing research from economics, finance, decision theory, management, and other fields, the book provides a set of tools and a way of thinking that determines the relative merits of different strategies. It takes as its premise that we make better decisions if we use the whole toolkit of economics and related fields to inform our decision making. The text explores the distinction between risk and uncertainty and covers standard models of decision making under risk as well as more recent work on decision making under uncertainty, with a particular focus on strategic interaction. It also examines the implications of incomplete markets for managing under uncertainty. It presents four core strategies: a benchmark strategy (proceeding as if risk and uncertainty were low), a financial hedging strategy (valuable if there is much risk), an operational hedging strategy (valuable for conditions of much uncertainty), and a flexible strategy (valuable if there is much risk and/or uncertainty). The book then examines various aspects of these strategies in greater depth, building on empirical work in several different fields. Topics include price-setting, real options and Monte Carlo techniques, organizational structure, and behavioral biases. Many chapters include exercises and appendixes with additional material. The book can be used in graduate or advanced undergraduate courses in risk management, as a guide for researchers, or as a reference for management practitioners.

Download or read book Politics and Uncertainty written by Claudio Cioffi-Revilla and published by Cambridge University Press. This book was released on 1998-07-16 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uncertainty is an ever-present and ineradicable aspect of politics. It affects all important issues of governance and policy, in both domestic and international contexts. Rather than treating the uncertainty of politics as a mystery, this book provides an original and direct treatment of political uncertainty as a scientifically-knowable phenomenon with well-defined principles and substantive properties. Specific applications of this theory of political uncertainty are demonstrated in diverse areas of politics, examining such questions as when and how wars break out, when and how governments collapse, and when and how political cooperation emerges. The author shows how probability and mathematical modeling can play a central role in understanding such complex and fundamental issues.

Download or read book The Politics of Climate Change and Uncertainty in India written by Lyla Mehta and published by Routledge. This book was released on 2021-12-24 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together diverse perspectives concerning uncertainty and climate change in India. Uncertainty is a key factor shaping climate and environmental policy at international, national and local levels. Climate change and events such as cyclones, floods, droughts and changing rainfall patterns create uncertainties that planners, resource managers and local populations are regularly confronted with. In this context, uncertainty has emerged as a "wicked problem" for scientists and policymakers, resulting in highly debated and disputed decision-making. The book focuses on India, one of the most climatically vulnerable countries in the world, where there are stark socio-economic inequalities in addition to diverse geographic and climatic settings. Based on empirical research, it covers case studies from coastal Mumbai to dryland Kutch and the Sundarbans delta in West Bengal. These localities offer ecological contrasts, rural–urban diversity, varied exposure to different climate events, and diverse state and official responses. The book unpacks the diverse discourses, practices and politics of uncertainty and demonstrates profound differences through which the "above", "middle" and "below" understand and experience climate change and uncertainty. It also makes a case for bringing together diverse knowledges and approaches to understand and embrace climate-related uncertainties in order to facilitate transformative change. Appealing to a broad professional and student audience, the book draws on wide-ranging theoretical and conceptual approaches from climate science, historical analysis, science, technology and society studies, development studies and environmental studies. By looking at the intersection between local and diverse understandings of climate change and uncertainty with politics, culture, history and ecology, the book argues for plural and socially just ways to tackle climate change in India and beyond. The Open Access version of this book, available at http://www.taylorfrancis.com/books/e/9781003257585, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

Download or read book New Perspectives on Research Policy Practice in Public Entrepreneurship written by Joyce Liddle and published by Emerald Group Publishing. This book was released on 2016-06-01 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation is embedded into daily routines, public service activities, and interactions with non-state actors, making it difficult to uncover excellent practices, but these chapters illustrate how innovative and entrepreneurial actors can be. Scholars have contributed ample evidence of flourishing innovation and enterprise in this important field.

Download or read book Communicating Uncertainty written by Sharon M. Friedman and published by Routledge. This book was released on 2012-10-12 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring the interactions that swirl around scientific uncertainty and its coverage by the mass media, this volume breaks new ground by looking at these issues from three different perspectives: that of communication scholars who have studied uncertainty in a number of ways; that of science journalists who have covered these issues; and that of scientists who have been actively involved in researching uncertain science and talking to reporters about it. In particular, Communicating Uncertainty examines how well the mass media convey to the public the complexities, ambiguities, and controversies that are part of scientific uncertainty. In addition to its new approach to scientific uncertainty and mass media interactions, this book distinguishes itself in the quality of work it assembles by some of the best known science communication scholars in the world. This volume continues the exploration of interactions between scientists and journalists that the three coeditors first documented in their highly successful volume, Scientists and Journalists: Reporting Science as News, which was used for many years as a text in science journalism courses around the world.

Download or read book The Politics and Science of Prevision written by Andreas Wenger and published by Routledge. This book was released on 2020-05-28 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book inquires into the use of prediction at the intersection of politics and academia, and reflects upon the implications of future-oriented policy-making across different fields. The volume focuses on the key intricacies and fallacies of prevision in a time of complexity, uncertainty, and unpredictability. The first part of the book discusses different academic perspectives and contributions to future-oriented policy-making. The second part discusses the role of future knowledge in decision-making across different empirical issues such as climate, health, finance, bio- and nuclear weapons, civil war, and crime. It analyses how prediction is integrated into public policy and governance, and how in return governance structures influence the making of knowledge about the future. Contributors integrate two analytical dimensions in their chapters: the epistemology of prevision and the political and ethical implications of prevision. In this way, the volume contributes to a better understanding of the complex interaction and feedback loops between the processes of creating knowledge about the future and the application of this future knowledge in public policy and governance. This book will be of much interest to students of security studies, political science, sociology, technology studies, and International Relations. The Open Access version of this book, available at https://www.routledge.com/The-Politics-and-Science-of-Prevision-Governing-and-Probing/Wenger-Jasper-Cavelty/p/book/9780367900748, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.