
The Economics of Uncertainty
Turning Uncertainty into Risk
Educational · Jun 1, 2020 · 29 min The Great Courses Signature Collection
Available on Prime Video
S1, E2: When faced with an uncertain situation, try turning it into a "risky" situation. Risk is probability. Knowledge is power. This may sound counterintuitive, but it's a surprisingly effective approach, pioneered by University of Chicago economist Frank Knight. See where it applies and does not apply in economic settings.
Educational · Jun 1, 2020 · 29 min