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Podcast: Faith and Economics
Episode: Kinds of Ignorance: Uncertainty vs. Risk | #299
Description: Most people use the terms 'uncertainty' and 'risk' interchangeably, but philosophers and economists both agree that these two terms denote very different situations. Even more importantly, mistaking one situation for the other can be extremely costly.If you're uncertain, know that it would be risky to skip this episode. Or it might be uncertain? I forget...Â