domingo, 22 de maio de 2022

Economics of ignorance

 More on genuine uncertainty and Knight: Economists are increasingly interested in going beyond the Savage paradigm and examine ignorance/unawareness/unforeseen…

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On the relevance of Knight, Keynes and Shackle for unawareness research
ACADEMIC.OUP.COM
On the relevance of Knight, Keynes and Shackle for unawareness research
Abstract. This paper is dedicated to the interpretation of Knightian and Keynesian uncertainty as a situation of unawareness in which agents lack perfect knowle

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