Basili M., Fontini F. (2003)

A Non-Expected Glance at Markets: Financial Models and Knightian Uncertainty. Cognitive Processes and Rationality in Economics, Routledge.



The chapter discusses financial markets with Knightian uncertainty. The latter refers to situations in which uncertainty is not quantifiable by a single probability measure. It deals with model of behavior in financial markets inspired by intuition regarding cognitive processes that underlie trade choices.