However, there are key differences to be aware of between ... uncertainty can exist anywhere, emerging markets often have institutions that can handle these challenges better. Risk and Return ...

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 ...

Investors breathed a sigh of relief Monday after President Trump confirmed 25% tariffs on imports from Mexico will be ...

The Art of Uncertainty: How to Navigate Chance ... Spiegelhalter opens by highlighting how the interplay between chance, ignorance, risk and luck can shape our lives in unexpected ways.

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

Meanwhile, changes to risk adjustment rules (i.e., V28) and Star Ratings thresholds (i.e., cut points ... It’s become both more difficult and more urgent for payers to lessen the difference between ...

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 ...

In what follows, we extend and generalize this description, discussing specifically the nature of the coupling between levels ... outcomes and sensory uncertainty. To complement this, we introduce a ...

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 ...