Recent Advancements in the Theory of Choice under Knightian Uncertainty and Their Applications in Economics
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چکیده
Knightian uncertainty differs from risk in that it describes situations where randomness of an uncertain event faced by a decision maker cannot be adequately described by a probability measure. This paper reviews the recent advancements in the theory of choice under Knightian uncertainty and their applications in economics and finance.
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تاریخ انتشار 1999