Knightian uncertainty

a lack of any quantifiable knowledge about some possible occurrence, as opposed to the presence of quantifiable risk, indicating some fundamental degree of ignorance, a limit to knowledge, and an essential unpredictability of future events
rdfs:label
"Knightian uncertainty"@en
skos:altLabel
"Theorie du risque"@fr
schema:description
"a lack of any quantifiable knowledge about some possible occurrence, as opposed to the presence of quantifiable risk, indicating some fundamental degree of ignorance, a limit to knowledge, and an essential unpredictability of future events"@en
schema:dateModified "2026-09-06T14:16:41+00:00"^^xsd:dateTime
schema:version 2541122985
wikibase:identifiers 3
wikibase:sitelinks 8
wikibase:statements 9
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p:direct-normalized/P6366 <https://makg.org/entity/2779652836>
wdt:P10283 "C2779652836"
wdt:P138 Frank Knight
wdt:P279 uncertainty
wdt:P31 type of uncertainty
economic concept
wdt:P6366 "2779652836"
wdt:P646 "/m/0548dd"
wdt:P6477 quantification
probability measure
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