I believe this type of our measure of uncertainty is closer, in this case, to a Knightian concept wherein probability distributions for model coefficients cannot be articulated. A further source of uncertainty, of a strategic sort, stems from the endogenous – at times unpredictable – process whereby agents form their expectations.
As you may have noticed, the conference theme we adopted is SPCwhich stands for “Strengthening Partnership and Cooperation.” I understand that in Indonesia, the abbreviated word TEMAN means friends. What better way to move forward with friends therefore than to strengthen partnership and cooperation.