Concept

Knightian uncertainty

Related publications (18)

Discussion on uncertainty management in power systems

IEEE2013

Expert Judgements in Risk Analysis: a Strategy to Overcome Uncertainities

Thierry Meyer, Amela Groso, David Nicolas Plüss

There is a need for a risk analysis technique specific for academic research laboratories. Since accurate accident data, normally required for quantitative risk analysis, are not available for this environment, expert judgements are often used to describe ...

2013

Assessment of Environmental Impacts Related to Shale Gas Extraction in the Polish Contex

Nicolas Füllemann

In the last decade, the exponential development of shale gas activities in United States resulted in a real revolution both in terms of gas prices and energy security. However, next to these positive effects, many risks and impacts for the environment and ...

2012

Estimating uncertainty of alcohol-attributable fractions for infectious and chronic diseases

Gerrit Gmel

Background: Alcohol is a major risk factor for burden of disease and injuries globally. This paper presents a systematic method to compute the 95% confidence intervals of alcohol-attributable fractions (AAFs) with exposure and risk relations stemming from ...

2011

Uncertainty in prediction of disinfection performance

Urs von Gunten

Predicting the disinfection performance of a full-scale reactor in drinking water treatment is associated with considerable uncertainty. In view of quantitative risk analysis, this study assesses the uncertainty involved in predicting inactivation of Crypt ...

2007

Neurophysiological evidence on perception of reward and risk: Implications for trading under time pressure

Anjali Devi Vanapilli Nursimulu

Recent neurophysiological studies reveal that risk and reward are separately encoded in the human brain, and that the encodings display different timing patterns. Therefore, we hypothesized that sensitivity of trading decisions to risk and reward parameter ...

University of Zurich2007

Investment decisions with flexibility under uncertainty in the competitive electricity supply industry

Jun Dong

The restructuring of the electricity supply industry (ESI) has introduced new actors and market mechanisms. Electricity prices are more market oriented and fluctuate greatly. These changes bring about more uncertainties and risks to the market participants ...

EPFL2004

Event Risk, Contingent Claims and the Temporal Resolution of Uncertainty

Pierre Collin Dufresne, Julien Hugonnier

We study the pricing and hedging of contingent claims that are subject to Event Risk which we define as rare and unpredictable events whose occurrence may be correlated to, but cannot be hedged perfectly with standard marketed instruments. The super and su ...

2001

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