- published: 20 Jul 2011
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Irwin may refer to:
Irwin is a surname, and may refer to:
Irwin was an electoral district of the Legislative Assembly in the Australian state of Western Australia from 1890 to 1950.
Based in the state's Mid West agricultural region and centred on the town of Dongara, the district was one of the original 30 seats contested at the 1890 election. The district was renamed Irwin-Moore with the abolition of Moore at the 1930 election.
Irwin-Moore was abolished at the 1950 election and the seat of Moore recreated. Sitting member John Ackland of the Country Party successfully transferred to the new seat.
When you flip a coin, you expect heads and tails to show up with a 50% chance each. But what if all you knew was that heads and tails each have a chance of at least 25%? That's how Scott Condie captures Knightian uncertainty in asset markets. He models investors who act on basis of ambiguous knowledge, with the result that asset prices fail to reflect all private information. This is financial market modeling beyond the efficient market hypothesis -- this is new economic thinking.
Irwin may refer to: