Karl H. Borch was a professor at NHH in Bergen, Norway between 1963 and 1986. The Norwegian School of Economics and Business Administration (Norges Handelshøyskole or NHH was founded in 1936 is the second largest city in Norway. It is located on the south-western coast of Norway in the county of Hordaland in between a group of mountains known as De syv fjell Norway ( Norwegian: Norge ( Bokmål) or Noreg ( Nynorsk) officially the Kingdom of Norway, is a Constitutional He is considered one of the founders of economics of uncertainty, counting 150 scientific articles in journals and conference proceedings, and three books.