Keynes and Knight: risk-uncertainty distinctions, priority, coherence and change
探讨凯恩斯和奈特关于风险与不确定性区分的三个问题:历史优先权、逻辑一致性以及观点是否随时间变化,结论与主流看法不同。
Abstract Concerning the risk-uncertainty distinctions deployed by J.M. Keynes and F.H. Knight, this paper poses three questions. Historically, who has priority in introducing the distinction? Analytically, are both conceptions logically coherent? Temporally, did changes in viewpoint occur? Careful analysis leads to conclusions departing from conventional views.