You did, but you should not ignore inconvenient truths, whether or not you want to. Rationality is normative.
That is not what most mean when they talk about Knightian uncertainty, I know that, because they usually say the Knightian uncertainty means you should so something different from what you would do otherwise.
You did, but you should not ignore inconvenient truths, whether or not you want to. Rationality is normative.
Who’s “they” … Cowan, or every Knightian ever?
I would rather not continue this conversation, have a good day.