Tweet by Tren Griffin: 1/ Risk exists when potential future states and their probabilities are known. Uncertainty exists when future states are known, but their probabilities are not. Ignorance exists when future states aren't known and therefore probability isn't comput

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1/ Risk exists when potential future states and their probabilities are known.

Uncertainty exists when future states are known, but their probabilities are not.

Ignorance exists when future states aren't known and therefore probability isn't computable.
www.reuters.com/article/businessNews/idUSKBN2FH00J?il=0
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Jim OShaughnessy 1 year ago

Good thread from Tren