Christian Hugo Hoffmann

Articles

On Conceptualizing Risk: Breaking the Dichotomy between Knightian Risk and Uncertainty

05/07/2019 Quarterly Journal of Austrian Economics Christian Hugo Hoffmann

What are the different concepts of financial risk? How do Austrian economists conceive of risk, uncertainty, and probability? Christian Hoffmann, parting ways with Mises, provides a taxonomy and cautions about the predominance of probability statistics in the realm of economics and finance.

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