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...
- January 2019). "What Should (Knightian) Economists Do? James M. Buchanan's 1980 Visit to Chile: What Should (Knightian) Economists Do?". Southern Economic...
- Argument from ignorance Flying Spaghetti Monster Invisible Pink Unicorn Knightian uncertainty Sagan standard Hitchens's razor Fritz Allhoff, Scott C. Lowe...
- know nothing Ignoramus et ignorabimus Ignotum per ignotius Johari window Knightian uncertainty Known and Unknown: A Memoir Outside Context Problem Russell's...
- the non-quantitive type. Thus, Knightian uncertainty is immeasurable, not possible to calculate, while in the Knightian sense risk is measurable. Another...
- five red balls but an unknown number of white balls) True uncertainty or Knightian uncertainty, which is impossible to estimate or predict statistically...
- which choices must be made: risky and ambiguous events (also known as Knightian uncertainty). Risky events have a known probability distribution over...
- manufactured by Ellsberg serve to rely upon two economic principles: Knightian uncertainty, the unquantifiable nature of the mix between both yellow...
- resulted in much theoretical modelling or empirical work. However, the Knightian concept of uncertainty has been recognized in a variety of works: John...