Political instability has been emphasized as a major source of uncertainty in Latin America. However, arbitrariness, i.e. the lack of constraints on the government, can also be seen as a major source of uncertainty in ...

This paper presents a brief introduction to the topics covered by the Economics of Uncertainty and Information. We focus on the impact of this fields to issues relevant for Latin America.

In the context of structural design, risk optimization allows one to find a proper point of balance between the concurrent goals of economy and safety. Risk optimization involves the minimization of total expected costs, ...

Hydrological models are simplified representations of natural processes and subject to errors. Uncertainty bounds are a commonly used way to assess the impact of an input or model architecture uncertainty in model outputs. ...

A fuzzy ruled-based system was developed in this study and resulted in an index indicating the level of uncertainty related to commercial transactions between cassava growers and their dealers. The fuzzy system was developed ...

Over 20 years ago, the notion of ‘positive uncertainty’ was introduced in the field of psychology (Gelatt, 1989). This was coincident to some developments in the hydrological sciences (e.g. Beven and Binley, 1992; Grayson ...