Scott Condie - Modeling Asset Markets when Knowledge is Ambiguous

The video discusses Knightian uncertainty and its implications in financial markets. It explores the concept of multiple priors representation, where investors have ambiguous information about future events. The discussion includes the comparison between market efficiency and informational inefficiency, highlighting how ambiguity can affect market outcomes. Theoretical and simulation approaches are used to model these phenomena. The speaker also shares insights into their academic journey and the importance of collaboration in research.

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