Knightian uncertainty in the regulatory context

HIGHLIGHTS

• What: For the purposes of the analysis by Hirshleifer and Riley, the assignment of subjective probabilities may well be the best approach.
• Who: Behavioural Public Policy et al. from the Robert Walmsley University Professor, Harvard University, Cambridge, MA, USA have published the article: Knightian uncertainty in the regulatory context, in the Journal: (JOURNAL)
• Future: The authors might know for example that technological innovations have not produced horrific harm in the past and so the authors might think that artificial_intelligence will not produce such harm in the future (strategy ).

SUMMARY

 



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