Keynesian uncertainty and the shaky foundations of statistical risk assessment models

With the financialization of the economy, increasing reliance has been put on statistical models for derivatives pricing and for risk assessment in the day-to-day business of financial operators as well as in financial regulation. This practice had already been criticized from many quarters and on d...

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Bibliographic Details
Main Author: Alessandro Roncaglia
Format: Article
Language:English
Published: Associazione Economia civile 2012-12-01
Series:PSL Quarterly Review
Subjects:
Online Access:http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10197/10086