Substantive and procedural uncertainty |
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Authors: | G. Dosi M. Egidi |
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Affiliation: | (1) University of Rome La Sapienza, Rome, Italy;(2) SPRU, University of Sussex, Brighton, UK;(3) University of Trento, Italy |
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Abstract: | 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 behaviours is also examined. |
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Keywords: | Innovation Uncertainty Problem-solving Rationality |
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