https://www.youtube-nocookie.com/embed/RUgLUgw-O-U
Further reading:
An Introduction to Austrian Economics by Thomas C. Taylor (Risk and Uncertainty, pp. 30–32)
Risk, Uncertainty, and Insurance by Murray N. Rothbard (Chapter 8, Section 9 in Man, Economy, and State)
Uncertainty and Its Exigencies: The Critical Role of Insurance in the Free Market by Hans-Hermann Hoppe
The Limits of Numerical Probability: Frank H. Knight and Ludwig von Mises and the Frequency Interpretation by Hans-Hermann Hoppe
Risk, Uncertainty, and Economic Organization by Peter G. Klein (Chapter 32 in Property, Freedom, and Society: Essays in Honor of Hans-Hermann Hoppe)
The Social Function of Insurance by Robert P. Murphy
Uncertainty by Ludwig von Mises (Chapter 6 in Human Action) + Study Guide (Chapter 6)
