An ontological investigation of unimaginable events

Autor:	Santoli, Thomas, Siebenbrunner, Christoph
Rok vydání:	2018
Předmět:	Quantitative Finance - Risk Management Mathematics - Logic
Druh dokumentu:	Working Paper
Popis:	We show that, under mild assumptions, some unimaginable events - which we refer to as Black Swan events - must necessarily occur. It follows as a corollary of our theorem that any computational model of decision-making under uncertainty is incomplete in the sense that not all events that occur can be taken into account. In the context of decision theory we argue that this constitutes a stronger sense of uncertainty than Knightian uncertainty.
Databáze:	arXiv
Externí odkaz:	http://arxiv.org/abs/1803.02570 Zobrazit plný text záznamu View this record from Arxiv