Entrepreneurial Decision Under Risk and Uncertainty

Authors

  • Cristian PĂUN University of Economic Studies

Abstract

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.

Author Biography

Cristian PĂUN, University of Economic Studies

Faculty of International Relations, University of Economic Studies, 41 Dacia Bld, sector 1, 010404, Bucharest, Romania

Downloads

Published

2016-05-24

How to Cite

PĂUN, C. (2016). Entrepreneurial Decision Under Risk and Uncertainty. Management Dynamics in the Knowledge Economy, 1(1), 111–125. Retrieved from https://www.managementdynamics.ro/index.php/journal/article/view/7

Issue

Section

Articles