Difference between revisions of "Uncertainty"

From Open Risk Manual
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== Definition ==
 
== Definition ==
'''Uncertainty''' is defined as the lack of knowledge. Any situation in which the current state of knowledge is such that: the order or nature of things is unknown; the consequences, extent, or magnitude of circumstances, conditions, or events is unpredictable; and, credible probabilities to possible outcomes cannot be assigned.  
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'''Uncertainty''' is defined as the lack of knowledge.  
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Any situation in which the current state of knowledge is such that: the order or nature of things is unknown; the consequences, extent, or magnitude of circumstances, conditions, or events is unpredictable; and, credible probabilities to possible outcomes cannot be assigned.  
  
 
Uncertainty can result from lack of information or from disagreement about what is known or even knowable.
 
Uncertainty can result from lack of information or from disagreement about what is known or even knowable.
  
 
[[Category:Uncertainty]]
 
[[Category:Uncertainty]]

Revision as of 14:50, 22 May 2021

Definition

Uncertainty is defined as the lack of knowledge.

Any situation in which the current state of knowledge is such that: the order or nature of things is unknown; the consequences, extent, or magnitude of circumstances, conditions, or events is unpredictable; and, credible probabilities to possible outcomes cannot be assigned.

Uncertainty can result from lack of information or from disagreement about what is known or even knowable.