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  2. Uncertainty avoidance - Wikipedia

    en.wikipedia.org/wiki/Uncertainty_avoidance

    The uncertainty avoidance dimension relates to the degree to which individuals of a specific society are comfortable with uncertainty and the unknown. Countries displaying strong uncertainty avoidance index (UAI) believe and behave in a strict manner. Individuals belonging to those countries also avoid unconventional ways of thinking and behaving.

  3. Ambiguity aversion - Wikipedia

    en.wikipedia.org/wiki/Ambiguity_aversion

    In decision theory and economics, ambiguity aversion (also known as uncertainty aversion) is a preference for known risks over unknown risks. An ambiguity-averse individual would rather choose an alternative where the probability distribution of the outcomes is known over one where the probabilities are unknown.

  4. Tsirelson's stochastic differential equation - Wikipedia

    en.wikipedia.org/wiki/Tsirelson's_stochastic...

    Tsirelson's stochastic differential equation (also Tsirelson's drift or Tsirelson's equation) is a stochastic differential equation which has a weak solution but no strong solution. It is therefore a counter-example and named after its discoverer Boris Tsirelson. [1] Tsirelson's equation is of the form

  5. Hofstede's cultural dimensions theory - Wikipedia

    en.wikipedia.org/wiki/Hofstede's_cultural...

    Uncertainty avoidance (UAI): The uncertainty avoidance index is defined as "a society's tolerance for ambiguity", in which people embrace or avert an event of something unexpected, unknown, or away from the status quo. Societies that score a high degree in this index opt for stiff codes of behavior, guidelines, laws, and generally rely on ...

  6. Weak formulation - Wikipedia

    en.wikipedia.org/wiki/Weak_formulation

    Weak formulations are important tools for the analysis of mathematical equations that permit the transfer of concepts of linear algebra to solve problems in other fields such as partial differential equations. In a weak formulation, equations or conditions are no longer required to hold absolutely (and this is not even well defined) and has ...

  7. Stochastic differential equation - Wikipedia

    en.wikipedia.org/wiki/Stochastic_differential...

    A weak solution consists of a probability space and a process that satisfies the integral equation, while a strong solution is a process that satisfies the equation and is defined on a given probability space. The Yamada–Watanabe theorem makes a connection between the two. An important example is the equation for geometric Brownian motion

  8. Experimental uncertainty analysis - Wikipedia

    en.wikipedia.org/wiki/Experimental_uncertainty...

    For example, an experimental uncertainty analysis of an undergraduate physics lab experiment in which a pendulum can estimate the value of the local gravitational acceleration constant g. The relevant equation [ 1 ] for an idealized simple pendulum is, approximately,

  9. Uncertainty management theory - Wikipedia

    en.wikipedia.org/wiki/Uncertainty_management_theory

    Uncertainty is an unavoidable aspect of everyday life. The degree to which it is felt in a given situation varies among individuals. Because uncertainty is dependent upon perspective, "a person who believes himself or herself to be uncertain is uncertain." [2] However, people have different appetites and tolerances for uncertainty. For some ...

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