chancedriven
Chancedriven is an adjective used in scholarly and technical writing to describe systems, processes, or decision-making frameworks that are predominantly influenced by randomness or stochastic variation rather than by deterministic control. The term is informal and not tied to a single formal theory; its precise meaning varies by field, but it typically signals a focus on chance as a central driver of outcomes.
Etymology: formed from chance and driven, the word emphasizes the role of probabilistic factors in shaping
Applications: In risk management and economics, chancedriven strategies emphasize adaptation to unexpected events and distributional outcomes;
Relationship to related concepts: The term overlaps with stochastic processes, randomness, and probabilistic programming. It is
Criticism and limitations: Heavy reliance on chance can hinder predictability, reproducibility, and controllability. Proponents argue it
See also: randomness; stochastic process; Monte Carlo method; stochastic programming.