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Uncertainity

Definition:

Uncertainty is the degree to which we are in doubt about how an Impact-Estimate, or Measurement, of an Attribute reflects reality.

Alternative Names

Concept Number: *310
English Master: Uncertainity
Synonyms, Variations & Acronyms: none

Detailing

We are “uncertain” as to whether the current or future reality is better or worse (than the observed or estimated value of an Attribute) and, by how much it differs


Illustrations

none


Type

Scalar Metric
Domain: Value-Decision



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Table of contents:

Created by system. Last Modification: Thursday 14 of November, 2013 02:53:06 CET by Kai Thomas Gilb.