PeterDonis comments on Knightian Uncertainty and Ambiguity Aversion: Motivation - LessWrong

20 Post author: So8res 21 July 2014 08:32PM

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Comment author: PeterDonis 23 July 2014 12:23:43AM 2 points [-]

In this case, the Knighian uncertainty cancels out

Does it? You still know that you will only be able to take one of the two bets; you just don't know which one. The Knightian uncertainty only cancels out if you know you can take both bets.