Uncertainty is a situation which involves imperfect or unknown information. It applies to predictions of future events, to physical measurements that are already made or to the unknown.
Uncertainty arises in partially observable and/or stochastic environments, as well as due to ignorance, indolence, or both. It arises in any number of fields, including insurance, philosophy, physics, statistics, economics, finance, psychology, sociology, engineering, metrology, meteorology, ecology and information science.
The Statistical Laboratory in the University of Cambridge tries to make sense of chance, risk, luck, uncertainty and probability. The site states, “Mathematics won't tell us what to do, but we think that understanding the numbers can help us deal with our own uncertainty and allow us to look critically at stories in the media.”
The aim is to help improve the way that uncertainty and risk are discussed in society, and show how probability and statistics can be both useful and entertaining!
Welcome to Understanding Uncertainty