Objective
Management science offers standard treatments of decision under uncertainty which always assume that uncertainty is a random phenomenon, which should be taken care of by probability calculus, at least when the corresponding probabilities are known. We know, however, that most of the time this is not the case in business life, nor in economic life in general, where the largest part of the uncertainty depends on the behaviour of human beings. Most of the time these types of behaviour are simply not pure random phenomena and do not fall within the realm of application of probability theory.
The objective of the present research is twofold. The first investigation will consider the conditions under which phenomena forming the bulk of the uncertainty faced by business communities may be dealt with as if they were within the realm of application of probability theory and in what broad sense, mathematically characterised, such phenomena might be regarded as random.
Secondly, the research will necessarily be led to define different structural forms of uncertainty and how criteria of decision making should correspond to the different situations respectively described by each form of uncertainty. Such a theory of the contingency of rationality has been evoked by economists and management scientists but there is no general framework which could serve as a theory of it.
Fields of science (EuroSciVoc)
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
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Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
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Coordinator
94235 Cachan
France
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.