1. In Dow and Werlang (1992, ECTA) Knightian uncertainty may result in zero trade. From the financial risk management perspective, explain why a similar effect is observed during financial crises, when trading in financial markets significantly drops.
2. What is the 5-year annual financial report summary for Siemens Health Care solutions
3. Which of the following terms describes the risk that the sample is not representative of the population?
a. errors
b. non-sampling risk
c. sampling risk
d. detection risk