abstract
| - Uncertainty is a situation which involves imperfect and/or unknown information. However, "uncertainty is an unintelligible expression without a straightforward description". It arises in subtly different ways in a number of fields, including insurance, philosophy, physics, statistics, economics, finance, psychology, sociology, engineering, metrology, and information science. It applies to predictions of future events, to physical measurements that are already made, or to the unknown. Uncertainty arises in partially observable and/or stochastic environments, as well as due to ignorance and/or indolence.
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