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Knightian uncertainty

Knightian uncertainty

Wikipedia

Search complete. 1 mention across 1 episode found for "Knightian uncertainty".

Oct 15, 2026

Wealth Waves Daily

Wealth Waves Daily

Why Missing Just 50 Days Crushes Returns from 9.5% to 0.6%, the Babe Ruth Effect & How a Lost Nuclear Bomb Was Found with Bets – More Than You Know by Michael J. Mauboussin [MUST-LISTEN]

Oct 15 · 1 Mention

speaker_1HOST
34:06
Yes.
speaker_1HOST
34:06
A roulette wheel is Knightian risk.
speaker_1HOST
34:09
When the ball spins, the outcome is unknown, but we know exactly how many slots are on the wheel: 18 red, 18 black, two green.
speaker_1HOST
34:16
The boundaries are closed.

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