Investing in the unknown and unknowable

The Known, the Unknown, and the Unknowable in Financial Risk Management: Measurement and Theory Advancing Practice

Volumn , Issue , 2010, Pages 304-346

  Zeckhauser, Richard J ^a  

^a HARVARD UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84863222822     PISSN: None     EISSN: None     Source Type: Book    
DOI: None     Document Type: Chapter

References (24)

1. Alpert, M., and H. Raiffa (1982). A progress report on the training of probability assessors. In Judgment Under Uncertainty: Heuristics and Biases. D. Kahneman, P. Slovic, and A. Tversky, eds., New York: Cambridge University Press, pp. 294-305.
2. Aumann, R. (1976). Agreeing to disagree. Annals of Statistics 4, 1236-39.
3. Bazerman, M., and W. Samuelson (1983). I won the auction but don't want the prize. Journal of Conflict Resolution 27, 618-34.
4. Bohnet, I., and R. Zeckhauser (2004). Trust, risk and betrayal. Journal of Economic Behavior and Organization 55, 467-84.
5. Ellsberg, D. (1961). Risk, ambiguity, and the savage axioms. Quarterly Journal of Economics 75: 643-69.
6. Fox, C., and A. Tversky (1995). Ambiguity aversion and comparative ignorance. Quarterly Journal of Economics 110, 585-603.
7. Gilbert, D. (2006). Stumbling on Happiness. New York: A. A. Knopf.
8. Gomory, R. (June 1995). An assay on the known, the unknown and the unknowable. Scientific American 272, 120.
9. Grossman, S. J. (1981). The informational role of warranties and private disclosure about product quality. Journal of Law and Economics 24, 461-83.
10. Hart, S., and Y. Tauman (2004). Market crashes without external shocks. Journal of Business 77, 1-8.
11. Kahneman, D., and A. Tversky (1979). Prospect theory: An analysis of decision under risk. Econometrica 47, 263-91.
12. Knight, F. (2001). Risk, Uncertainty and Profit. Boston: Houghton Mifflin.
13. Munger, C. (2005). Poor Charlie's Almanack: The Wit and Wisdom of Charles Munger. Order from www.poorcharliesalmanack.com/index.html.
14. Raiffa, H. (1968). Decision Analysis. Reading, MA: Addison-Wesley.
15. Samuelson, P. (1979). Why we should not make mean log of wealth big though years to act are long. Journal of Banking and Finance 3, 305-07.
16. Savage, L. J. (1954). The Foundations of Statistics. New York: Wiley.
17. Subramanian, G., and R. Zeckhauser, (2005). "Negotiauctions": Taking a hybrid approach to the sale of high value assets. Negotiation 8(2), 4-6.
18. Tversky, A., and D. Kahneman (1974). Judgment under uncertainty: Heuristics and biases. Science 185, 1124-31.
19. U.S. Census Bureau, Current Housing Reports, Series H150/07, American Housing Survey for the United States: 2007. Washington, DC: U.S. Government Printing Office.
20. Viscusi, W. K., and R. Zeckhauser (2005). Recollection bias and the combat of terrorism. Journal of Legal Studies 34, 27-55.
21. Zeckhauser, B., and A. Sandoski (2008). How the Wise Decide: The Lessons of 21 Extraordinary Leaders. New York: Crown Business.
22. Zeckhauser, R. (2006). Investing in the unknown and unknowable. Capitalism and Society 1(2), Berkeley Electronic Press, www.bepress.com/cas/vol1/iss2/art5.
23. Zeckhauser, R., and D. Marks (1996). Signposting: The selective revelation of product information. In Wise Choices: Games, Decisions, and Negotiations. R. Zeckhauser, R. Keeney, and J. Sebenius, eds., Boston: Harvard Business School Press, pp. 22-41.
24. Zeckhauser, R., and M. Thompson (1970). Linear regression with non-normal error terms. Review of Economics and Statistics 52, 280-86.