Differences between risk-variability and uncertainty

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Reference no: EM132166804

From Theory and Practice in Policy Analysis, What are the differences between risk, variability, and uncertainty? What do you think of the distinctions the author makes between different types of uncertainty - are they useful categories? What problems have you encountered where a proper treatment of uncertainty was important (and maybe was lacking)? What do you think about the methods of integrating uncertainty described here? Are they practical and useful? Do you the author's suggestions at the end to be useful?

Reference no: EM132166804

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