Speculation

Speculation refers to forming theories or opinions based on incomplete information or uncertain situations, often about future events or outcomes. It's a way of thinking about possibilities without having all the facts or evidence. While speculation can lead to new ideas or predictions, it may also result in misconceptions or poor decisions if not approached cautiously. In finance, for example, speculation involves buying assets, hoping to sell them later at a profit based on anticipated market changes. Overall, speculation is an important part of decision-making where certainty is lacking.