Acceptance speech: 18th Frontiers of Knowledge Awards in Economics, Finance and Management

Acceptance speech by Charles F. Manski, winner of the 2025 Frontiers of Knowledge Award in Economics, Finance and Management, who was honored for his outstanding contributions to the development of modern econometric methods and their application to public policy analysis.

Manski warns of the risks of presenting economic analyses and public policy decisions as absolute certainties when, in fact, they take place in contexts marked by uncertainty. He advocates the need for researchers to provide rigorous and credible assessments that recognize the complexity of decision-making processes and the limits of available knowledge. He also emphasizes that acknowledging this uncertainty does not weaken analysis, but can help design more responsible and better-founded policies.