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Title variants
The Problem of Risk in Economic Theory
Languages of publication
Abstracts
The article aims to define reasons for the failure of economic theory to account for risk and uncertainty. It is shown, that risk conflicts with the basic assumption of main stream economics - rational behaviour. On the other hand, any attempts to develop a theory that would explain the influence of risk and uncertainty lead to theories of low predictive and applicative value. A sample of theories is presented and their methods of treating risk are discussed in the article. The discussion leads to conclusions as to future research into economic theory of risk.
Keywords
Year
Volume
Physical description
Dates
published
2008
Contributors
References
Document Type
Publication order reference
Identifiers
URI
http://hdl.handle.net/11089/7591
YADDA identifier
bwmeta1.element.hdl_11089_7591
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