Asked in New York, Economics, Business Ethics
Why do firms exist?
Because of uncertainty. Because of uncertainty, according to Frank H. Night (explained in his great work "Risk, Uncertainty and Profits"). But that's only one answer, anyway. You can count at least 15 more, but there is no defitinitive answer in economics "YET". ...
The states that it is impossible to precisely measure the location and energy of a particle at the same time?
The heisenberg uncertainty principle is what you are thinking of. However, the relation you asked about does not exist. Most formalisms claim it as (uncertainty of position)(uncertainty of momentum) >= hbar/2. There is a somewhat more obscure and less useful relation (uncertainty of time)(uncertainty of energy) >= hbar/2. But in this relation the term of uncertainty of time is not so straightforward (but it does have an interesting meaning). ...
Asked in Quantum Mechanics
What was the uncertainty principle used for?
Uncertainty Principle can be used to give a drawback to Bohr's Model of an atom. In that atomic model Bohr said that electrons exist in certain well defined energy levels, to give a contradiction to this statement uncertainty principle may be used. ...
Asked in Small Business and Entrepreneurship
Identify three types of uncertainty when you run a business?
There are three types of uncertainty when owning or managing a small business. The three types of uncertainty are state uncertainty, effect uncertainty and response uncertainty. ...
Asked in Inventions, Physics, Chemistry, Quantum Mechanics
What is uncertainty position of particle when the uncertainty in momentum is zerohintfrom heisenberg uncertainty principle?
Werner Heisenberg's (1901-1976) uncertainty principle: ∆x ∙ ∆(mv) ≥ h / 4π x = uncertainty; m = mass; v = velocity To solve for ∆x... ∆x = h / 4πm∆v ...
What are the major sources of uncertainty in the organization's environment and how do they effect the organization?
There can be uncertainty about where the money is going or who is in charge. The more uncertainty the harder it is for people to do their jobs. ...
Why is fuzzy logic not best in solving uncertainty?
Certainly fuzzy logic is not the best in solving uncertainty, but..... it is on of the best alternatives to that exists to model uncertainty. ...
What are the differences between 'risk' and 'uncertainty'?
Risk is a dangerous choice that a person makes. An uncertainty is how someone feels about the decision. ...