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1 uncertainty
tr[ʌn'sɜːtəntɪ]noun (pl uncertainties)1 incertidumbre nombre femenino, dudan.• duda s.f.• fluctuación s.f.• incertidumbre s.f.• vaguedad s.f.'ʌn'sɜːrtṇti, ʌn'sɜːtṇtimass nouna) ( doubt) incertidumbre f, duda funcertainty ABOUT something: there is some uncertainty about o as to his whereabouts — no se conoce con seguridad su paradero
b) (of outcome, future) incertidumbre f, lo incierto[ʌn'sɜːtntɪ]N1) (=doubt) duda f, incertidumbre fin view of this uncertainty or these uncertainties — teniendo en cuenta estas dudas or este grado de incertidumbre
stress is caused by uncertainty about the future — el estrés está causado por la incertidumbre or inseguridad sobre el futuro
2) (=indecision) indecisión f* * *['ʌn'sɜːrtṇti, ʌn'sɜːtṇti]mass nouna) ( doubt) incertidumbre f, duda funcertainty ABOUT something: there is some uncertainty about o as to his whereabouts — no se conoce con seguridad su paradero
b) (of outcome, future) incertidumbre f, lo incierto -
2 uncertainty
uncertainty [ʌnˈsɜ:tntɪ]* * *[ʌn'sɜːtntɪ] -
3 maximax criterion
Finan approach to decision-making under uncertainty in which an ‘optimistic’ view of the possible outcome is adopted. The favored strategy is therefore to implement the course of action which leads to the highest possible profit, irrespective of (a) the probability of that profit actually being achieved, and (b) the outcome if it is not successful. A risk-taker may make decisions on this basis. -
4 maximin criterion
Finan approach to decision-making under uncertainty in which a ‘pessimistic’ view of the possible outcome is adopted. The favored strategy is therefore to implement the course of action whose worst possible outcome generates the highest profit. This basis for decision-making characterizes risk-averse decision-makers.
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