Risk, uncertainty and profit / Frank H. Knight

By:

KNIGHT, Frank H

Material type: Text

TextPublication details: New York : Dover Publications, c2006.Description: 1xiv, 381p. ; 21cmISBN:

0-486-44775-8

Subject(s):

Risk. Profit

DDC classification:

22nd ed. 338.5 KNI

Summary: 2014 Reprint of 1921 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. In economics, "Knightian uncertainty" is risk that is immeasurable, impossible to calculate. Knightian uncertainty is named after University of Chicago economist Frank Knight (1885-1972), who distinguished risk and uncertainty in his work "Risk, Uncertainty, and Profit": "Uncertainty must be taken in a sense radically distinct from the familiar notion of Risk, from which it has never been properly separated.

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

Holdings
Item type	Current library	Collection	Call number	Status	Barcode
Books	CUoM Library General Stacks	Economics	338.5 KNI (Browse shelf(Opens below))	Available	00005034
Books	CUoM Library General Stacks	Economics	338.5 KNI (Browse shelf(Opens below))	Available	00005035
Books	CUoM Library General Stacks	Economics	338.5 KNI (Browse shelf(Opens below))	Available	00005036

Includes bibliography and index

2014 Reprint of 1921 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. In economics, "Knightian uncertainty" is risk that is immeasurable, impossible to calculate. Knightian uncertainty is named after University of Chicago economist Frank Knight (1885-1972), who distinguished risk and uncertainty in his work "Risk, Uncertainty, and Profit": "Uncertainty must be taken in a sense radically distinct from the familiar notion of Risk, from which it has never been properly separated.

There are no comments on this title.

to post a comment.