Kiyohiko G Nishimura: 1 book

Book cover of Economics of Pessimism and Optimism

Economics of Pessimism and Optimism

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...
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