{"id":"https://openalex.org/W3125812486","doi":null,"title":"Knightian Decision Theory: Part 1","display_name":"Knightian Decision Theory: Part 1","publication_year":1986,"publication_date":"1986-11-01","ids":{"openalex":"https://openalex.org/W3125812486","mag":"3125812486"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:cwl:cwldpp:807","doi":null,"is_oa":false,"landing_page_url":"https://cowles.yale.edu/sites/default/files/files/pub/d08/d0807.pdf","pdf_url":"https://cowles.yale.edu/sites/default/files/files/pub/d08/d0807.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"volume":null,"type":"preprint","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5111678845","display_name":"Truman F. Bewley","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Truman F. Bewley","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5111678845"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":149,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10646","display_name":"Experimental Behavioral Economics Studies","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/decision-making-under-uncertainty","display_name":"decision making under uncertainty","score":0.8420000076293945},{"id":"https://openalex.org/keywords/anscombe-aumann-framework","display_name":"Anscombe-Aumann framework","score":0.8119999766349792},{"id":"https://openalex.org/keywords/completeness-axiom","display_name":"completeness axiom","score":0.7770000100135803},{"id":"https://openalex.org/keywords/status-quo","display_name":"status quo","score":0.9610000252723694},{"id":"https://openalex.org/keywords/risk-versus-uncertainty","display_name":"risk versus uncertainty","score":0.8849999904632568},{"id":"https://openalex.org/keywords/frank-knight","display_name":"Frank Knight","score":0.9729999899864197}],"concepts":[{"id":"https://openalex.org/C2776748549","wikidata":"https://www.wikidata.org/wiki/Q201610","display_name":"Status quo","level":2,"score":0.8223719596862793},{"id":"https://openalex.org/C2779652836","wikidata":"https://www.wikidata.org/wiki/Q1548830","display_name":"Knightian uncertainty","level":3,"score":0.7856087684631348},{"id":"https://openalex.org/C71140485","wikidata":"https://www.wikidata.org/wiki/Q2943226","display_name":"Knight","level":2,"score":0.6964488625526428},{"id":"https://openalex.org/C110407247","wikidata":"https://www.wikidata.org/wiki/Q122508","display_name":"Inertia","level":2,"score":0.6879185438156128},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.6628761291503906},{"id":"https://openalex.org/C17231256","wikidata":"https://www.wikidata.org/wiki/Q5156540","display_name":"Completeness (order theory)","level":2,"score":0.6437863111495972},{"id":"https://openalex.org/C136566586","wikidata":"https://www.wikidata.org/wiki/Q29598","display_name":"Status quo bias","level":3,"score":0.5697011351585388},{"id":"https://openalex.org/C90559484","wikidata":"https://www.wikidata.org/wiki/Q778379","display_name":"Expression (computer science)","level":2,"score":0.4705900251865387},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.415187805891037},{"id":"https://openalex.org/C118084267","wikidata":"https://www.wikidata.org/wiki/Q26110","display_name":"Positive economics","level":1,"score":0.37842029333114624},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.3496496081352234},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.22987541556358337},{"id":"https://openalex.org/C2780522230","wikidata":"https://www.wikidata.org/wiki/Q1140419","display_name":"Ambiguity","level":2,"score":0.12017214298248291},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.09839305281639099},{"id":"https://openalex.org/C74650414","wikidata":"https://www.wikidata.org/wiki/Q11397","display_name":"Classical mechanics","level":1,"score":0.08013826608657837},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.0},{"id":"https://openalex.org/C1276947","wikidata":"https://www.wikidata.org/wiki/Q333","display_name":"Astronomy","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:RePEc:cwl:cwldpp:807","doi":null,"is_oa":false,"landing_page_url":"https://cowles.yale.edu/sites/default/files/files/pub/d08/d0807.pdf","pdf_url":"https://cowles.yale.edu/sites/default/files/files/pub/d08/d0807.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:3125812486","doi":null,"is_oa":false,"landing_page_url":"https://EconPapers.repec.org/RePEc:cwl:cwldpp:807","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/16","score":0.8299999833106995,"display_name":"Peace, justice, and strong institutions"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W2169779928","https://openalex.org/W7097827971","https://openalex.org/W2338387637","https://openalex.org/W2369059590","https://openalex.org/W7095883175","https://openalex.org/W2770870001","https://openalex.org/W3121735331","https://openalex.org/W1595438301","https://openalex.org/W1577818616","https://openalex.org/W2771676436"],"abstract_inverted_index":{"A":[0],"theory":[1,19,54],"of":[2,17,58],"choice":[3],"under":[4],"uncertainty":[5],"is":[6,28,31,42,47,55],"proposed":[7],"which":[8],"removes":[9],"the":[10,14,36,50],"completeness":[11],"assumption":[12,27],"from":[13],"Anscombe-Aumann":[15],"formulation":[16],"Savage's":[18],"and":[20,39,68],"introduces":[21],"an":[22,40],"inertia":[23,26],"assumption.":[24],"The":[25],"that":[29],"there":[30],"such":[32],"a":[33],"thing":[34],"as":[35],"status":[37,51],"quo":[38],"alternative":[41],"accepted":[43],"only":[44],"if":[45],"it":[46],"preferred":[48],"to":[49,62],"quo.":[52],"This":[53],"one":[56],"way":[57],"giving":[59],"rigorous":[60],"expression":[61],"Frank":[63],"Knight's":[64],"distinction":[65],"between":[66],"risk":[67],"uncertainty.":[69]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2021,"cited_by_count":6},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":5},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":4},{"year":2014,"cited_by_count":6},{"year":2013,"cited_by_count":10},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-28T10:33:24.094632","created_date":"2021-02-01T00:00:00"}
