This volume brings together important papers, coupled with new introductions, in the massively influential area of uncertainty in economic theory. Seminal paper

The First Edition, published in 1978, brought together classic and modern thinking in the economics of uncertainty and provided the first text in the area. This

A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot

"Studying this work in real time taught me a lot, but seeing it laid out in conceptual, rather than chronological, order provides even clearer insights into the

Here, two highly experienced authors present an alternative approach to optimal stopping problems. The basic ideas and techniques of the approach can be explain