Home / Series / The Economics of Uncertainty / Aired Order / Season 1 / Episode 2

Turning Uncertainty into Risk

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.

English
  • Runtime 30 minutes
  • Network The Great Courses
  • Created January 30, 2021 by
    Administrator admin
  • Modified January 30, 2021 by
    Administrator admin