Definition of Knightian. Meaning of Knightian. Synonyms of Knightian

- In economics, Knightian uncertainty is a lack of any quantifiable knowledge about some possible occurrence, as opposed to the presence of quantifiable...
- cannot measure probabilities in such cases; this is now referred to as Knightian uncertainty. Uncertainty must be taken in a sense radically distinct from...
- manufactured by Ellsberg serve to rely upon two economic principles: Knightian uncertainty, the unquantifiable nature of the mix between both yellow...
- understanding about the tail outcome that they are facing and treat the risk as Knightian uncertainty. An example is subprime mortgage crisis in 2008. Investors...
- know nothing Ignoramus et ignorabimus Ignotum per ignotius Johari window Knightian uncertainty Known and Unknown: A Memoir Outside Context Problem Russell's...
- which choices must be made: risky and ambiguous events (also known as Knightian uncertainty). Risky events have a known probability distribution over...
- Depictions of Russell's teapot. Ad hoc hypothesis Argument from ignorance Knightian uncertainty Sagan standard Hitchens's razor Fritz Allhoff, Scott C. Lowe...
- the non-quantitive type. Thus, Knightian uncertainty is immeasurable, not possible to calculate, while in the Knightian sense risk is measurable. Another...
- influential work was Risk, Uncertainty and Profit (1921) from which the term Knightian uncertainty was derived. Knight's perspective was iconoclastic, and markedly...
- resulted in much theoretical modelling or empirical work. However, the Knightian concept of uncertainty has been recognized in a variety of works: John...