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Substantive and procedural uncertainty

An exploration of economic behaviours in changing environments

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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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Authors and Affiliations

  1. University of Rome “La Sapienza”, Rome, Italy

    G. Dosi (Visiting Fellow)

  2. SPRU, University of Sussex, Brighton, UK

    G. Dosi (Visiting Fellow)

  3. University of Trento, Italy

    M. Egidi

Authors
  1. G. Dosi
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  2. M. Egidi
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Dosi, G., Egidi, M. Substantive and procedural uncertainty. J Evol Econ 1, 145–168 (1991). https://doi.org/10.1007/BF01224917

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