On Conceptualizing Risk: A Comment on Hoffmann

TitreOn Conceptualizing Risk: A Comment on Hoffmann
Type de publicationArticle
Année de publication2018
LangueAnglais
Titre de la revueQuarterly Journal of Austrian Economics
Volume21
Numéro3
Pagination246-55
Auteur(s)Méra, X.
EditeurMises Institute
Ville d'éditionAuburn, Alabama
Numéro ISSN1936-4806
Mots-clésAustrian economics, Complexity, probability, risk, uncertainty
Résumé

Hoffmann (2018) attempts to reconstruct a typology of risks deemed more accurate and useful to both economists and risk managers than currently received views on the subject within mainstream economics/finance and Austrian economics. This comment argues that his criticisms of the Misesian approach and his case for an alternative are unconvincing. We explain weaknesses in his criticisms of the Misesian approach and outline some problems with his constructive task of building up the alternative.

URLhttps://hal.archives-ouvertes.fr/halshs-02067012