La gestion de l’incertitude Enjeux et stratégies pour les acteurs économiques confrontés aux volatilités et aux réactions émotionnelles

Abstract

This article explores in depth the concept of uncertainty in finance, highlighting the challenges and issues facing economic actors in an environment characterised by an uncertain future. We discuss the fundamental distinctions between uncertainty and risk from Knight's (1921) perspective, highlighting the difference between the ability to list all contingencies and their probability of occurrence, and the inability to predict future events with certainty. We also examine how decision-makers respond to this inability to predict the future with certainty. The article provides an in-depth analysis of the concept of uncertainty in finance, highlighting the specific challenges faced by economic actors in a context of uncertainty. It proposes a reflection on the implications of this distinction between uncertainty and risk in financial decision-making. The originality of this article lies in its in-depth analysis of the concept of uncertainty in finance, highlighting the nuances between uncertainty and risk.