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A Taxonomy Of Types Of Uncertainty, Byrne Elliot Lovell

Dissertations and Theses

This study considers an expanded meaning of "uncertainty" as it affects decision-makers. The definition adopted is based on a decision-maker who is uncertain, i.e. aware of the insufficiency of her knowledge for the purpose of rationally determining which option to choose. A taxonomy of uncertainties is developed from this definition. The first stage is a Generalized Decision Model, which expands on a standard decision model often assumed in technical works by allowing uncertainty over components of the model that are assumed to be perfectly known in the standard model. These additional potential "subjects" of uncertainty include the feasibility of options, …