Entrepreneurial Decision Under Risk and Uncertainty

<p>Entrepreneurial decision is always subject to a significant level of uncertainty. Uncertainty is related to human nature and it is the most significant reason for economic action. This paper explains the most important challenges for economic decisions due to different forms of uncertainty...

Full description

Bibliographic Details
Main Author: Cristian PĂUN
Format: Article
Language:English
Published: Faculty of Management National University of Political Studies and Public Administration 2013-05-01
Series:Management Dynamics in the Knowledge Economy
Online Access:http://www.managementdynamics.ro/index.php/journal/article/view/7
id doaj-d67bd4c62bee4abaa6e27b672235d218
record_format Article
spelling doaj-d67bd4c62bee4abaa6e27b672235d2182020-11-24T23:48:02ZengFaculty of Management National University of Political Studies and Public AdministrationManagement Dynamics in the Knowledge Economy2286-26682013-05-01111111257Entrepreneurial Decision Under Risk and UncertaintyCristian PĂUN0University of Economic Studies<p>Entrepreneurial decision is always subject to a significant level of uncertainty. Uncertainty is related to human nature and it is the most significant reason for economic action. This paper explains the most important challenges for economic decisions due to different forms of uncertainty associated to it. The paper highlights why uncertainty is important for economic decision and which are the limits of risk management strategies proposed for dealing with such uncertainty.</p>http://www.managementdynamics.ro/index.php/journal/article/view/7
collection DOAJ
language English
format Article
sources DOAJ
author Cristian PĂUN
spellingShingle Cristian PĂUN
Entrepreneurial Decision Under Risk and Uncertainty
Management Dynamics in the Knowledge Economy
author_facet Cristian PĂUN
author_sort Cristian PĂUN
title Entrepreneurial Decision Under Risk and Uncertainty
title_short Entrepreneurial Decision Under Risk and Uncertainty
title_full Entrepreneurial Decision Under Risk and Uncertainty
title_fullStr Entrepreneurial Decision Under Risk and Uncertainty
title_full_unstemmed Entrepreneurial Decision Under Risk and Uncertainty
title_sort entrepreneurial decision under risk and uncertainty
publisher Faculty of Management National University of Political Studies and Public Administration
series Management Dynamics in the Knowledge Economy
issn 2286-2668
publishDate 2013-05-01
description <p>Entrepreneurial decision is always subject to a significant level of uncertainty. Uncertainty is related to human nature and it is the most significant reason for economic action. This paper explains the most important challenges for economic decisions due to different forms of uncertainty associated to it. The paper highlights why uncertainty is important for economic decision and which are the limits of risk management strategies proposed for dealing with such uncertainty.</p>
url http://www.managementdynamics.ro/index.php/journal/article/view/7
work_keys_str_mv AT cristianpaun entrepreneurialdecisionunderriskanduncertainty
_version_ 1725487521135067136