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Probability, risk and uncertainty

A century later, work on uncertainty by F.H. Knight and J.M. Keynes remain highly relevant in areas ranging from economics and finance to insurance, law and management, says Jochen Runde, Professor of Economics & Organisation at Cambridge Judge Business School.…

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A view of a down stock market ticker.

Market gamblers to blame?

by Dr Mehrshad Motahari, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Dr Mehrshad Motahari The Nobel Prize–winning Cumulative Prospect Theory of Tversky and Kahneman (1992) has revolutionised our understanding of how humans make economic…

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