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...
| Corporate Authors: | , |
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| Format: | Video |
| Language: | English |
| Language Notes: | In English |
| Published: |
[San Francisco, California, USA] :
The Great Courses,
2015.
Kanopy Streaming, 2016. |
| Subjects: | |
| Online Access: | Connect to this streaming video |
| Summary: | 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.. |
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| Item Description: | Title from title frames. Film Electronic resource. |
| Physical Description: | 1 online resource (streaming video file) (30 minutes): digital, .flv file, sound |
| Playing Time: | 00:29:39 |
| Format: | Mode of access: World Wide Web. |