Knowable unknown: Difference between revisions

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-{{a|devil|{{subtable|{{unknowns}}}}}}{{d|Knowable unknown|/ˈnəʊəbᵊl ʌnˈnəʊn/ (also “constructive known”) |n|}}Something you don’t know, and can’t know, but you believe you can as good as know as long as you have enough data and clever enough [[algorithm]]s.
+{{a|devil|{{subtable|{{unknowns}}}}}}{{d|Knowable unknown|/ˈnəʊəbᵊl ʌnˈnəʊn/ (also “constructive known”) |n|}}Hailing not from Donald Rumsfeld’s famous taxonomy, but the JC’s private one, a [[knowable unknown]] is something you don’t know, and can’t know, but believe you can ''as good as know'', just as long as you have enough data and clever enough [[algorithm]]s and suitable reality distortion fields and bullshit detector defeat devices installed around you.
-Such as that options will behave according to the [[Black-Scholes option pricing model]].
+Such as that “options will behave as predicted by the [[Black-Scholes option pricing model]]”.
-the problem with knowable unknowns is that they are irritatingly time-bound, and tend to be knowable at all the times where you don’t really need to know them, but then become suddenly impenetrably unknowable just when your pants are down.
+The problem with [[knowable unknowns]] is that they are irritatingly time-bound, and tend to be knowable at all the times where you don’t really need to know them, but then become suddenly impenetrably unknowable just when your pants are down.
+Victims of expiring [[knowable unknowns]] include [[Long-Term Capital Management]] in 1998, the entire [[financial services]] industry in 2008,
-This is not from Donald Rumsfeld’s taxonomy, but the JC’s.
 {{sa}}
 *[[System redundancy]]
 *[[Unknowns]]