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Risk, uncertainty and profit

Explore Risk, uncertainty and profit by Frank H. Knight: 6 Hacker News mentions from 6 participants in 2007-02-22–2026-11-01. Read original excerpts, compare opinions and save this book.

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Risk, uncertainty and profit
Frank H. Knight
History & Society

Risk, uncertainty and profit

6 mentions · 6 participants · 3 recommenders

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IImustaskforhelp
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Bbambax
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Kkriro
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Vvezzy-fnord
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Gganeumann
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Bbesquared
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…rbitrage supplies liquidity at all prices, including prices where most trades might not otherwise occur. Liquidity is required for businesses to systematically eliminate risk, therefore it is highly valued as a source of stability for most companies who deal with financial instruments. Knight has some thoughts on systematic risk in his book Risk, Uncertainty and Profit.

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