Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Investopedia / Theresa Chiechi An aleatory contract is an agreement that is tied to the ...

Aleatory is an adjective that means something is dependable on a fifty-fifty chance or certain stakes in an outcome. It shows that something isn’t assured to happen since it depends on total luck, ...

The aleatory refers to chance, to random encounters: like throwing a die. Some years ago this term gained some prominence among readers of French philosopher Louis Althusser, after the posthumous ...

There are two distinct types of uncertainty that analysts must address and communicate—uncertainty due to lack of knowledge and that due to inherent randomness (Apostolakis 1990). The clearest example ...