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Current Market Turmoil: Non-Priceable Knightian “Uncertainty” Rather Than Priceable Market “Risk”

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Sheila Samples

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"Risk is present when future events occur with measurable probability" while "Uncertainty is present when the likelihood of future events is indefinite or incalculable". For many reasons the current market panic has to do with unpriceable uncertainty rather than measurable risk.

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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

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