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Journal of Evolutionary Economics

, Volume 1, Issue 2, pp 145–168 | Cite as

Substantive and procedural uncertainty

An exploration of economic behaviours in changing environments
  • G. Dosi
  • M. Egidi
Article

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.

Key words

Innovation Uncertainty Problem-solving Rationality 

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Copyright information

© Springer-Verlag 1991

Authors and Affiliations

  • G. Dosi
    • 1
    • 2
  • M. Egidi
    • 3
  1. 1.University of Rome “La Sapienza”RomeItaly
  2. 2.SPRUUniversity of SussexBrightonUK
  3. 3.University of TrentoItaly

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