Bill Gerrard's interview for Faculti on his published research of Keynes and Knight on probability and uncertainty.

The Road Less Travelled: Keynes and Knight on Probability and Uncertainty

See Bill Gerrard's exciting interview for Faculti on his published research of Keynes and Knight on probability and uncertainty.

Keynes and Knight critiqued traditional probability theories, diverging on uncertainty's role in economic behaviour, with Keynes emphasizing evidence and Knight focusing on entrepreneurial judgment.

For the the full interview, please see this link: The Road Less Travelled: Keynes and Knight on Probability and Uncertainty