ABSTRACT
This introduction presents an overview of key concepts discussed in the subsequent chapters of this book. The book examines the Uncertainty has been a phenomenon featuring in many academic investigations, and is at the core of many theories explaining behaviours and observations in business. It discusses the Heisenberg's uncertainty principle translates to German as the Unbestimmheitsrelation and listed some of the risk events. The chapter explains the Researchers call this the uncertainty cone. It represents different amounts of uncertainty depending on the amount of available knowledge. One the other hand, uncertainty increases with the time span we are looking at. The objective of the book is to bring this emerging area of research to a wider audience outside of the core academic fields by tying together insights from various fields including psychology, engineering, business and management, and extrapolating insights from the psychology of individual decision makers to the organisational context and managerial decision-making.
