The rise of 'Knightian uncertainty' in markets: When risk can’t even be measured
What happens when the future is so unpredictable that traditional financial models no longer work? Jeff Evans, Vice President & Director, Lead of Empirical Research and PM Support at TD Asset Management, says markets have entered a period known as 'Knightian uncertainty'—when risk can no longer be accurately measured. He discusses the implications for investors with MoneyTalk's Kim Parlee.