Bielefeld, Germany

Dealing with Uncertainty in Dynamic Economic Systems

Der Umgang mit Unsicherheit in dynamischen Wirtschaftssystemen

Table of contents

⇑Dealing with Uncertainty in Dynamic Economic Systems at Bielefeld University

Language: German Studies in German
Subject area: economy and administration
University website: www.uni-bielefeld.de/
Type: Research Training Group (DFG Graduiertenkolleg, GRK 2865)
Programme: Coping with Uncertainty in Dynamic Economies
Field: Economics
Funding: Deutsche Forschungsgemeinschaft (DFG), 2023–2027
Academic degree: Doktorgrad (PhD)

⇑Definitions and quotes

Uncertainty
Uncertainty has been called "an unintelligible expression without a straightforward description". It describes a situation involving insecurity and/or unknown information. It applies to predictions of future events, to physical measurements that are already made, or to the unknown. Uncertainty arises in partially observable and/or stochastic environments, as well as due to ignorance, indolence, or both. It arises in any number of fields, including insurance, philosophy, physics, statistics, economics, finance, psychology, sociology, engineering, metrology, meteorology, ecology and information science.
Uncertainty
This
I ever held worse than all certitude,
To know not what the worst ahead might be.
Algernon Charles Swinburne, Marino Faliero, Act V.
Uncertainty
From that point, my universe went on crumbling; new cracks appeared all the time. I could see that the pleasant securities of childhood, all of those warm little human emotions, all of those trivial aims and purposes that we allow to rule our lives, were an illusion. We were like sheep munching grass, unaware that the butcher's lorry is already on its way. I got used to living with a deep, underlying feeling of uncertainty that no one around me seemed to share. It was rather like living on death row.
Colin Wilson in Alien Dawn, pp. 12-13 (1998)
Uncertainty
Dum in dubio est animus, paulo momento huc illuc impellitur.
When the mind is in a state of uncertainty the smallest impulse directs it to either side.
StudentNews Group Websites for students and future students — in Poland since 2007, across Europe since 2014. Over 50 websites and millions of users a year (Google Analytics). Studies in Europe Universities in Europe Bachelor’s Master’s Doctorate MBA Study guide Work abroad Travel For partners Advertising and cooperation Reach (online report) Contact advertising@studentnews.eu © 2003–2026 Grupa StudentNews.pl sp. z o.o., Modlnica, Poland
Privacy Policy