reading
Historical scholarly literature
- Keynes, J. M. (1921). A Treatise on Probability, Cambridge: Cambridge University Press.
- Knight, F. H. (1921). Risk, uncertainty and profit. New York, NY: Houghton Mifflin.
- Shackle, G. L. S. (1966). Policy, Poetry and Success. The Economic Journal, 76(304), 755-767. doi:10.2307/2229081
Contemporary scholarly literature
- Packard, M. D., Bylund, P. L., & Clark, B. B. (2021). Keynes and Knight on uncertainty: peas in a pod or chalk and cheese? Cambridge Journal Of Economics, 45(5), 1099-1125. doi:10.1093/cje/beab025
- Porter, T. (1995). Trust in numbers: The pursuit of objectivity in science and public life. Princeton, NJ: Princeton University Press.
- Spender, JC (1989) Industry Recipes: The Nature and Sources of Managerial Judgement, Blackwell. Electronic version: https://books.google.co.uk/books?id=lqZzQgAACAAJ
- Spender, JC (2018) Managing: According to Williamson, or to Coase?, Kindai Management Review, 6: 13-34. Electronic version: https://www.kindai.ac.jp/files/rd/research-center/management-innovation/kindai-management-review/vol6_2.pdf
Scholarly resources
- BSI. (2020, Apr 1) AI & the Human Mind: Exploring Synergies | Viktor Dörfler [Video]. YouTube. https://www.youtube.com/watch?v=RkQd1Gjo8Qo
- TEDxUniversityofStrathclyde. (2018, Sep 8). Big Data, Artificial Intelligence and the Human Mind | Viktor Dörfler [Video]. YouTube. https://www.youtube.com/watch?v=KAXfo-cZ8oY
pondering
Knightian uncertainty
- Is uncertainty a legitimate construct, given that decision makers refer to uncertainty as “risk”?
- Was it Knight’s practical, “real world” focus that led him to be accused of “killing the philosophical spirit”?
- What is the difference between uncertainty, unpredictability, and ambiguity?
- Could adaptive machine learning algorithms detect new data categories that fall outside the notice of AI algorithms?
- Could prediction markets influence outcomes of uncertain events?
