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Uncertain about Uncertainty

Charles J. Shelley (Principal if AQA, Applied Quantitative Analysis, Inc. a management consulting firm, and Assistant Professor of Management at Suffolk University.)

Journal of Services Marketing

ISSN: 0887-6045

Article publication date: 1 April 1991

Abstract

Explores the concept of uncertainty in marketing decision making. Offers a structure of a decision dilemma with advice on how to evaluate possible scenarios arising from it. Examines the significance of probability, demonstrating the combination of probability and economic consequences into a comparison between two courses of action, risky and conservative. Argues that such an approach is preferable to hesitating due to fear of uncertainty.

Keywords

Citation

Shelley, C.J. (1991), "Uncertain about Uncertainty", Journal of Services Marketing, Vol. 5 No. 4, pp. 39-47. https://doi.org/10.1108/08876049110035648

Publisher

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MCB UP Ltd

Copyright © 1991, MCB UP Limited