Knight’s groundbreaking study of the role of the entrepreneur in economic life.

Texas continues to show economic growth, including in the energy sector, but faces headwinds from policy uncertainties and ...

This paper uses economist Frank H. Knight’s famous, albeit controversial, distinction between risk and uncertainty to help elucidate foundational concepts and challenges for the theory, practice, and ...

Managing risk is one of the most important portfolio management objectives. Risk is simply the possibility that an outcome will differ from what is expected or hoped for. “Investment risk is ...

The Art of Uncertainty: How to Navigate Chance, Ignorance, Risk and Luck David Spiegelhalter Pelican (2024) As I sat down to read David Spiegelhalter’s The Art of Uncertainty, much of the world ...

David Spiegelhalter introduces his latest book, The Art of Uncertainty How to Navigate Chance, Ignorance, Risk and Luck. Chance, luck, and ignorance; how to put our uncertainty into numbers. We all ...

Are you a risk-taker? When you’re an individual trader in the stock market, one of the few safety devices you have is the risk-reward calculation. The actual calculation to determine risk vs.

Here, we illustrate how the Hierarchical Gaussian Filter (HGF) offers a principled and generic way to deal with the several forms that uncertainty in perception takes ... we show how the HGF can serve ...

Let’s explore why uncertainty feels so tough, how to manage it, and how to move forward with hope and action. Why Does Uncertainty Feel Like A Mental Tug-Of-War? Humans are hardwired for stability.

There is always some level of risk and uncertainty when investing, but it increases when wars, recessions, pandemics, and other adverse economic conditions occur. When hard times appear ...

The calibrated digital twin is used to propose optimal radiotherapy treatment regimens by solving a multi-objective risk-based optimization under uncertainty problem. The solution leads to a suite of ...