"Knightian" meaning in English

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  "etymology_text": "From Knight + -ian.",
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  "lang": "English",
  "lang_code": "en",
  "pos": "adj",
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      "derived": [
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          "word": "Knightian uncertainty"
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          "ref": "2010, Edward E. Leamer, “Tantalus on the Road to Asymptopia”, in Journal of Economic Perspectives, volume 24, number 2, →DOI, page 38 of 31–46:",
          "text": "When the data point clearly to a probability either in excess of 10 percent or less than 10 percent, then we are in a world of Knightian risk in which the decision can be based on expected utility maximization.",
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          "ref": "2025 March 21, John C. Williams, “Certain Uncertainty (speech)”, in New York Fed (Remarks at the Macroeconometric Caribbean Conference, Nassau, Bahamas):",
          "text": "In addition, it is hard currently to assign probabilities to these scenarios. This is something economists refer to as Knightian uncertainty.",
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        "Of or relating to Frank Knight (1885–1972), American economist."
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  "word": "Knightian"
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  ],
  "etymology_text": "From Knight + -ian.",
  "forms": [
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      "form": "more Knightian",
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    },
    {
      "form": "most Knightian",
      "tags": [
        "superlative"
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  "lang_code": "en",
  "pos": "adj",
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          "ref": "2010, Edward E. Leamer, “Tantalus on the Road to Asymptopia”, in Journal of Economic Perspectives, volume 24, number 2, →DOI, page 38 of 31–46:",
          "text": "When the data point clearly to a probability either in excess of 10 percent or less than 10 percent, then we are in a world of Knightian risk in which the decision can be based on expected utility maximization.",
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        {
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              119,
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            ]
          ],
          "ref": "2025 March 21, John C. Williams, “Certain Uncertainty (speech)”, in New York Fed (Remarks at the Macroeconometric Caribbean Conference, Nassau, Bahamas):",
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