Uncertainty

Situations often arise wherein a decision must be made when the results of each possible choice are uncertain.

Uncertainty or Incertitude refers to epistemic situations involving imperfect or unknown information. It applies to predictions of future events, to physical measurements that are already made, or to the unknown. Uncertainty arises in partially observable or stochastic environments, as well as due to ignorance, indolence, or both.[1] It arises in any number of fields, including insurance, philosophy, physics, statistics, economics, finance, medicine, psychology, sociology, engineering, metrology, meteorology, ecology and information science.

  1. ^ Peter Norvig; Sebastian Thrun. "Introduction to Artificial Intelligence". Udacity. Archived from the original on 2014-01-22. Retrieved 2013-07-04.