Theory of Knightian Uncertainty and Its Applications
by
Hiroyuki Ozaki, Kiyohiko G. Nishimura
Language: English
Release Date: November 13, 2017
This is the first book to investigate individual’s pessimistic and optimistic prospects for the future and their economic consequences based on sound mathematical foundations. The book focuses on fundamental uncertainty called Knightian uncertainty, where the probability distribution governing uncertainty...