Uncertainty
Not knowing exactly. It sits around where a party stands, around where it is headed, and around what it is aiming for, and a plan shows all three as ranges rather than hiding them.
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What it rests on, and what rests on it
Where it is used
No article names it yet.
In the model
- The model's principle “Honest uncertainty”
Sources
- Frank H. Knight, Risk, Uncertainty and Profit, 1921.