Risk, in economics, has traditionally been taken to be a matter of the variability of a magnitude of wealth or income or of the utility of such a magnitude. To differentiate risk from uncertainty, which also signifies variability, economists have generally followed Frank Knight ([1921] 1985), who de...

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Bibliographic details
Main Author: Tracy Mott
Format: Book Chapter
Language: English
Place of publication: Edward Elgar Publishing 31.10.2012
published in: Handbook of Critical Issues in Finance pp. 283 - 288
Data of publication: 20121031
ISBN: 9781849803700
EISBN: 1849805954
Discipline: Business
Series: Elgar original reference
Online Access: Fulltext
Database: Database information not found
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