alleryMatch Knightian risk: 1. Risk: p. Measurable 2. True: q. Uncertain 3. Bearer: r. Founder
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
Frank Knight separated measurable statistical risk from true uninsurable uncertainty borne by the entrepreneur.
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