Investing in the Unknown and the Unknowable

Erik Kobayashi-Solomon

December 21, 2017

A hedge fund manager friend passed along an article written by a Harvard Behavioral Finance professor — Richard Zeckhauser — that deals with making decisions in cases that are unknown and unknowable. It originally appeared in Capitalism and Society, an open journal published by Columbia University. Compared to the facile conception of risk embraced by most …

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