How Long to Read Risk, Uncertainty, and Profit

How Long Does it Take to Read Risk, Uncertainty, and Profit?

It takes the average reader 3 hours and 41 minutes to read Risk, Uncertainty, and Profit by Frank H. Knight

Assuming a reading speed of 250 words per minute. Learn more

Description

Risk, Uncertainty, and Profit is a groundbreaking work of economic theory, distinguishing between risk, which is by nature measurable and quantifiable, and uncertainty, which can be neither be measured nor quantified. We begin with an analysis of the functions of profit, risk and uncertainty in the economy. Frank H. Knight introduces his work with a discussion on profit and how there are conflicts about its nature between various economic theorists. As the title implies, the author's chief concern is the interplay between making a profit, incurring risk, and determining if there is uncertainty. Risks are different from uncertainty in that they can be measured and protected against. For example a location chosen for a factory or farm may have a measured risk of flooding in a given year. Businesses, insurers and investors alike can be made aware of this, and behave according to the quantified risk.

How long is Risk, Uncertainty, and Profit?

Risk, Uncertainty, and Profit by Frank H. Knight is 216 pages long, and a total of 55,296 words.

This makes it 73% the length of the average book. It also has 68% more words than the average book.

How Long Does it Take to Read Risk, Uncertainty, and Profit Aloud?

The average oral reading speed is 183 words per minute. This means it takes 5 hours and 2 minutes to read Risk, Uncertainty, and Profit aloud.

What Reading Level is Risk, Uncertainty, and Profit?

Risk, Uncertainty, and Profit is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Risk, Uncertainty, and Profit?

Risk, Uncertainty, and Profit by Frank H. Knight is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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