Probability and Uncertainty in Economic Modeling
نویسندگان
چکیده
منابع مشابه
Probability and Uncertainty in Economic Modeling
S ince the early days of probability theory, there has been a distinction between probabilities that are given, as in a game of chance, and probabilities that are not given, but reflect a subjective degree of belief; Hacking (1975) and Shafer (1978) offer historical surveys. In economics, Knight (1921) is typically credited with the distinction between situations of “risk” and of “uncertainty.”...
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ژورنال
عنوان ژورنال: Journal of Economic Perspectives
سال: 2008
ISSN: 0895-3309
DOI: 10.1257/jep.22.3.173