AT A GLANCE · Uncertainty is difficult to quantify. The effect the Federal Reserve’s actions to fight inflation may take in the coming year is a recent stark example · With heightened uncertainty, ...

A new generation of investors are learning an old lesson. There is a big difference between uncertainty and risk. Conflating the two terms can lead to big problems. What’s more, if investors don’t ...

It’s not uncommon to hear the advice that entrepreneurs should take more calculated risks if they want to be successful. In fact, some billionaires have built their personal brands on a foundation of ...

Extreme weather can have negative, minimal, or even positive effects on business performance—creating significant uncertainty about outcomes for those businesses. Financial markets show heightened ...

In “Uncertainty and Enterprise: Venturing Beyond the Known,” Amar Bhidé takes up the challenge of formalizing what makes managing new businesses different. Mr. Bhidé, a professor of health policy at ...

The sky is falling. The sky is falling. Post election, these are the warnings you hear from some, while others predict a glorious future. The truth, of course, is neither group really knows. Such is a ...

Microeconomists have been trying to make sense of entrepreneurship as a distinctive category of activity for more than a century. During my graduate-school days at Stanford, a classmate asked Kenneth ...