A New Way to Learn Complex Topics in Minutes a Day
(odysseyscholar.com)
Odyssey Scholar is your path to mastering life's most essential knowledge.
Odyssey Scholar is your path to mastering life's most essential knowledge.
Tracking the historical events that lead to the interweaving of knowledge (2021)
(cacm.acm.org)
“Those who cannot remember the past are condemned to repeat it.” —George Santayana
“Those who cannot remember the past are condemned to repeat it.” —George Santayana
Knightian Uncertainty
(wikipedia.org)
In economics, Knightian uncertainty is a lack of any quantifiable knowledge about some possible occurrence, as opposed to the presence of quantifiable risk (e.g., that in statistical noise or a parameter's confidence interval). The concept acknowledges some fundamental degree of ignorance, a limit to knowledge, and an essential unpredictability of future events.
In economics, Knightian uncertainty is a lack of any quantifiable knowledge about some possible occurrence, as opposed to the presence of quantifiable risk (e.g., that in statistical noise or a parameter's confidence interval). The concept acknowledges some fundamental degree of ignorance, a limit to knowledge, and an essential unpredictability of future events.