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Knightian uncertainty
Sign in to savea lack of any quantifiable knowledge about some possible occurrence, as opposed to the presence of quantifiable risk, indicating some fundamental degree of ignorance, a limit to knowledge, and an essential unpredictability of future events
Wikidata facts
- Subclass of
- uncertainty
- Named after
- Frank Knight
Show 1 more fact
- does not have characteristic
- probability measure
Sources (3)
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