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This chapter introduces the distinction between risk and uncertainty in economics. It describes the clash between the two visions that have characterized the history of the discipline: the approach that sees formalized science as capable of providing unambiguous answers in any context, even when knowledge is incomplete, and the countervailing perspective that denies that developments in rational choice theory allow uncertainty to be reduced to risk.

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Introduction

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  • 发表日期：

    2025年

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  • Carlo Zappia

摘要

This chapter introduces the distinction between risk and uncertainty in economics. It describes the clash between the two visions that have characterized the history of the discipline: the approach that sees formalized science as capable of providing unambiguous answers in any context, even when knowledge is incomplete, and the countervailing perspective that denies that developments in rational choice theory allow uncertainty to be reduced to risk.