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Cambridge Journal of Economics 28:365-378 (2004)
Cambridge Journal of Economics, Vol. 28, No. 3, © Cambridge Political Economy Society 2004; all rights reserved

Uncertainty: individuals, institutions and technology

David Dequech*

Address for correspondence: University of Campinas, rua Alfredo Martinelli 230, Campinas, São Paulo, 13083-330 Brazil; email: dequech{at}eco.unicamp.br

In an attempt to refine the concept of uncertainty, this paper elaborates an ontology of the social world concentrating on individuals, institutions and technology. It shows the strong entwinement of the ontological aspects of the conceptualisation of uncertainty and epistemological ones. It highlights the ontological and epistemological dimensions of different concepts of uncertainty, such as fundamental uncertainty, procedural uncertainty, ambiguity and weak uncertainty (or risk). It also comments on a few writings that distinguish varieties of uncertainty with adjectives such as ‘ontological’ and ‘epistemological’ or ‘epistemic’.

Key Words: Uncertainty • Individuals • Institutions • Technology • Reality

JEL classifications: D8; B52; B41

Manuscript received January 28, 2002; final version received July 10, 2002.


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