Clarifying Frank Knight's discussion of the meaning of risk and uncertainty

被引：62

作者：

Runde, J ^{[1
]}

机构：

[1] Univ Cambridge Girton Coll, Cambridge, England

来源：

CAMBRIDGE JOURNAL OF ECONOMICS | 1998年 / 22卷 / 05期

关键词：

D O I：

10.1093/cje/22.5.539

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Frank Knight's (1921) famous distinction between risk and uncertainty has entered the jargon of economics and decision theory. Yet it appears to have gone unnoticed that his formulation suffers from an elementary confusion. This note locates the source of the problem and proposes a reformulation that avoids it.

引用

页码：539 / 546

页数：8

共 17 条

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