On April 14, Prof. Riedel gives an online talk with the title "Frank Knight’s Legacy: the Economics of Uncertainty and Risk" at Wuhan University.
Abstract: Motivated by the centenary of the publication of Frank Knight’s book „Risk, Uncertainty, and Profit“, we review some of his ideas and discuss how they are reflected in current research in finance and economics. We discuss three recent contributions including insurance premia, viability and arbitrage in financial markets, and market breakdown due to uncertainty in prices.