the chapter discusses financial markets with Knightian uncertainty. The latter refers to situations in which uncertainty is not quantifiable by a single probability measure. It deals with model of behavior in financial markets inspired by intuition regarding cognitive processes that underlie trade choices.
A Non-Expected Glance at Markets: Financial Models and Knightian Uncertainty
FONTINI, FULVIO
2003-01-01
Abstract
the chapter discusses financial markets with Knightian uncertainty. The latter refers to situations in which uncertainty is not quantifiable by a single probability measure. It deals with model of behavior in financial markets inspired by intuition regarding cognitive processes that underlie trade choices.File in questo prodotto:
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