The Economics of Uncertainty Season 1 Episode 2 Turning Uncertainty into Risk

  • TV-PG
  • May 29, 2015
  • 29 min

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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The Economics of Uncertainty, Season 1 Episode 2, is available to watch and stream on The Great Courses Signature Collection. You can also buy, rent The Economics of Uncertainty on demand at Apple TV Channels, Prime Video, Amazon, Kanopy online.
  • First Aired
    May 29, 2015
  • Content Rating
    TV-PG
  • Runtime
    29 min
  • Language
    English
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