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Volumn 22, Issue 5, 1998, Pages 539-546

Clarifying Frank Knight's discussion of the meaning of risk and uncertainty

(1)  Runde, Jochen a  

a NONE

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMIC THEORY; RISK PERCEPTION; UNCERTAINTY;

EID: 0031770708     PISSN: 0309166X     EISSN: None     Source Type: Journal    
DOI: 10.1093/cje/22.5.539     Document Type: Article
Times cited : (94)

References (17)
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    • Davidson, P. 1988. A technical definition of uncertainty and the long run non-neutrality of money, Cambridge Journal of Economics, vol. 12, 329-37
    • (1988) Cambridge Journal of Economics , vol.12 , pp. 329-337
    • Davidson, P.1
  • 3
    • 38249012084 scopus 로고
    • Excess volatility of stock prices and Knightian uncertainty
    • Dow, J. and Werlang, S. R. 1992. Excess volatility of stock prices and Knightian uncertainty, European Economic Review, vol. 36, 631-8
    • (1992) European Economic Review , vol.36 , pp. 631-638
    • Dow, J.1    Werlang, S.R.2
  • 4
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    • Risk, ambiguity and the Savage Axioms
    • Ellsberg, D. 1961. Risk, ambiguity and the Savage Axioms, Quarterly Journal of Economics, vol. 75, 528-56
    • (1961) Quarterly Journal of Economics , vol.75 , pp. 528-556
    • Ellsberg, D.1
  • 5
    • 0000206041 scopus 로고
    • Intertemporal asset pricing under Knightian uncertainty
    • Epstein, L. G. and Wang, T. 1994. Intertemporal asset pricing under Knightian uncertainty, Econometrica, vol. 62, 283-322
    • (1994) Econometrica , vol.62 , pp. 283-322
    • Epstein, L.G.1    Wang, T.2
  • 6
    • 84993912190 scopus 로고
    • Theories of choice under ignorance and uncertainty
    • Kelsey, D. and Quiggin, J. 1992. Theories of choice under ignorance and uncertainty, Journal of Economic Surveys, vol. 6, 133-53
    • (1992) Journal of Economic Surveys , vol.6 , pp. 133-153
    • Kelsey, D.1    Quiggin, J.2
  • 7
    • 0006639580 scopus 로고
    • The General Theory and After, Part II Defence and Development
    • London, Macmillan
    • Keynes, J. M. 1973. The General Theory and After, Part II Defence and Development, The Collected Writings of John Maynard Keynes, Vol. XIV, London, Macmillan
    • (1973) The Collected Writings of John Maynard Keynes , vol.14
    • Keynes, J.M.1
  • 8
    • 0002730233 scopus 로고    scopus 로고
    • Entrepreneurial discovery and the competitive market process: An Austrian approach
    • Kirzner, I. M. 1997. Entrepreneurial discovery and the competitive market process: an Austrian approach, Journal of Economic Literature, vol. 35, 60-85
    • (1997) Journal of Economic Literature , vol.35 , pp. 60-85
    • Kirzner, I.M.1
  • 10
    • 84977355938 scopus 로고
    • Frank Knight on risk, uncertainty and the firm: A new interpretation
    • Langlois, R. N. and Cosgell, M. M. 1993. Frank Knight on risk, uncertainty and the firm: a new interpretation, Economic Enquiry, vol. 31, 456-65
    • (1993) Economic Enquiry , vol.31 , pp. 456-465
    • Langlois, R.N.1    Cosgell, M.M.2
  • 11
    • 0002436978 scopus 로고
    • Probability and uncertainty in economic analysis
    • Lawson, T. 1988. Probability and uncertainty in economic analysis, Journal of Post Keynesian Economics, vol. 11, 38-65
    • (1988) Journal of Post Keynesian Economics , vol.11 , pp. 38-65
    • Lawson, T.1
  • 16
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    • Chances and choices: Some notes on probability and belief in economic theory
    • Forthcoming. Mäki, U. (ed.), Cambridge, Cambridge University Press
    • Runde, J. H. Forthcoming. Chances and choices: some notes on probability and belief in economic theory, in Mäki, U. (ed.), The Economic Realm: Studies in the Metaphysics of Economics, Cambridge, Cambridge University Press
    • The Economic Realm: Studies in the Metaphysics of Economics
    • Runde, J.H.1


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