Management Practice Associate Professor
Academic Director of the Master of Studies in Entrepreneurship Programme
Fellow of St Edmund’s College
BA Doc (Roma Tre University), PhD (University of Cambridge)
Research interests
Individual, strategic and organisational decision-making under uncertainty; understanding and managing unknown unknowns and Black Swans; innovation and entrepreneurial behaviour; behavioural strategy.
Subject group: Organisational Behaviour
Previous appointments
Dr Alberto Feduzi was previously a Senior Lecturer in Strategy at the School of Finance and Management, SOAS University of London, an Associate Professor at UTS Business School, and an Assistant Professor at both Nottingham University Business School China and Roma Tre University.
Awards & honours
- Best Article Award (for “De Finetti on uncertainty” by Feduzi, Runde and Zappia, Cambridge Journal of Economics), European Society for the History of Economic Thought (ESHET), 2016
- G.L.S. Shackle Scholarship, St Edmund’s College, University of Cambridge, 2015
Selected publications
Feduzi, A., Runde, J. and Schwarz, G. (2022) “Unknowns, Black Swans, and bounded rationality in public organizations.” Public Administration Review, 82(5): 958-963 (DOI: 10.1111/puar.13522)
Feduzi, A., Faulkner, P., Runde, J., Cabantous, L. and Loch, C.H. (2022) “Heuristic methods for updating small world representations in strategic situations of Knightian uncertainty.” Academy of Management Review, 47(3): 402-424 (DOI: 10.5465/amr.2018.0235)
Cenci, M., Corradini, M., Feduzi, A. and Gheno, A. (2015) “Half-full or half-empty? A model of decision making under risk.” Journal of Mathematical Psychology, 68-69: 1-6 (DOI: 10.1016/j.jmp.2015.06.006)
Feduzi, A. and Runde, J. (2014) “Uncovering unknown unknowns: towards a Baconian approach to management decision-making.” Organizational Behavior and Human Decision Processes, 124(2): 268-283 (DOI: 10.1016/j.obhdp.2014.04.001)
Feduzi, A., Runde, J. and Zappia, C. (2012) “De Finetti on the insurance of risks and uncertainties.” British Journal for the Philosophy of Science, 63(2): 329-356 (DOI: 10.1093/bjps/axr028)
Feduzi, A. (2010) “On Keynes’s conception of the weight of evidence.” Journal of Economic Behavior and Organization, 76(2): 338-351
Journal articles
Feduzi, A. (2007) “On the relationship between Keynes’s conception of evidential weight and the Ellsberg paradox.” Journal of Economic Psychology, 28(5): 545-565 (DOI: 10.1016/j.joep.2007.01.005)
Feduzi, A. (2010) “On Keynes’s conception of the weight of evidence.” Journal of Economic Behavior and Organization, 76(2): 338-351
Feduzi, A. and Runde. J. (2011) “The uncertain foundations of the welfare state.” Journal of Economic Behavior and Organization, 80(3): 613-627 (DOI: 10.1016/j.jebo.2011.06.002)
Feduzi, A., Runde, J. and Zappia, C. (2012) “De Finetti on the insurance of risks and uncertainties.” British Journal for the Philosophy of Science, 63(2): 329-356 (DOI: 10.1093/bjps/axr028)
Feduzi, A., Runde, J. and Zappia, C. (2014) “De Finetti on uncertainty.” Cambridge Journal of Economics, 38(1): 1-21 (DOI: 10.1093/cje/bet054)
Feduzi, A. and Runde, J. (2014) “Uncovering unknown unknowns: towards a Baconian approach to management decision-making.” Organizational Behavior and Human Decision Processes, 124(2): 268-283 (DOI: 10.1016/j.obhdp.2014.04.001)
Cenci, M., Corradini, M., Feduzi, A. and Gheno, A. (2015) “Half-full or half-empty? A model of decision making under risk.” Journal of Mathematical Psychology, 68-69: 1-6 (DOI: 10.1016/j.jmp.2015.06.006)
Faulkner, P., Feduzi, A. and Runde, J.H. (2017) “Unknowns, Black Swans and the risk/uncertainty distinction.” Cambridge Journal of Economics, 41(5): 1279-1302 (DOI: 10.1093/cje/bex035)
Feduzi, A., Runde, J.H. and Zappia, C. (2017) “De Finetti and Savage on the normative relevance of imprecise reasoning: a reply to Arthmar and Brady.” History of Economic Ideas, 25(1): 211-223 (DOI: 10.19272/201706101009)
Feduzi, A., Runde, J., Cabantous, L., Faulkner, P. and Loch, C. (2018) “Updating ‘small world representations’ in strategic decision-making under extreme uncertainty.” Academy of Management Proceedings, 2018(1) (DOI: 10.5465/AMBPP.2018.141)
Faulkner, P., Feduzi, A., McCann Jr, C.R. and Runde, J. (2021) “F.H. Knight’s Risk, uncertainty, and profit and J.M. Keynes’ Treatise on probability after 100 years.” Cambridge Journal of Economics, 45(5): 857-882 (DOI: 10.1093/cje/beab035)
Runde, J., Feduzi, A. and Cabantous, L. (2021) “Commentary on Brian T. McCann’s ‘Bayesian updating’.” California Management Review, 25 April 2021
Feduzi, A., Faulkner, P., Runde, J., Cabantous, L. and Loch, C.H. (2022) “Heuristic methods for updating small world representations in strategic situations of Knightian uncertainty.” Academy of Management Review, 47(3): 402-424 (DOI: 10.5465/amr.2018.0235)
Feduzi, A., Runde, J. and Schwarz, G. (2022) “Unknowns, Black Swans, and bounded rationality in public organizations.” Public Administration Review, 82(5): 958-963 (DOI: 10.1111/puar.13522)
Derbyshire, J., Feduzi, A. and Runde, J. (2023) “Borrowing from Keynes’ A treatise on probability: non-probabilistic measure of uncertainty for scenario planning.” European Management Review (DOI: 10.1111/emre.12549) (published online Dec 2022)
Special issues of journals
Faulkner, P., Feduzi, A., McCann Jr, C.R. and Runde, J. (eds.) (2021) “Special issue on F.H. Knight’s Risk, uncertainty, and profit and J.M. Keynes’ Treatise on probability after 100 years.” Cambridge Journal of Economics, 45(5)