Model uncertainty and ergodicity

Created
Tue, 20/12/2022 - 08:03
Updated
Tue, 20/12/2022 - 08:03
from Lars Syll Post Keynesian authors have offered various classifications of uncertainty … A common distinction is that of epistemological versus ontological uncertainty, with the former depending on the limitations of human reasoning and the latter on the actual nature of social systems … Models of ontological uncertainty tend to hinge on the existence of information that is critical […]