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Risk Uncertainty and Profit

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Risk Uncertainty and Profit - Knight, Frank H
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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 ...

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Risk Uncertainty and Profit 2014, Martino Fine Books

ISBN-13: 9781614276395

Trade paperback

Risk, Uncertainty and Profit 2002, Beard Books, Washington, DC

ISBN-13: 9781587981265

Trade paperback