Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Right Choice: Procedures for Coping with Uncertainty in Information and Judgment Problems in Markets

The Right Choice: Procedures for Coping with Uncertainty in Information and Judgment Problems in Markets

Schmidt, Clemens Maria

Paperback

Business GeneralGeneral Sociology

PREORDER - Expected ship date February 24, 2027

ISBN10: 3658529695
ISBN13: 9783658529697
Publisher: Springer
Published: Feb 24 2027
Pages: 253
Language: English

In many different situations, decisions must be made under conditions of uncertainty. This book examines how actors orient themselves in such situations and what kinds of structures emerge as a result, particularly in the context of market coordination.

Drawing on methodological individualism and the critical-rationalist research program, the study analyzes the extent to which making the right choice may be confronted with risk, ambiguity, and uncertainty. It distinguishes between information problems and judgment problems and discusses economic and sociological approaches to coping with these forms of uncertainty.

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