A Keynesian critique of the new enfant terribles of quantitative finance | NOVA. The University of Newcastle's Digital Repository

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.13/934352

Title: A Keynesian critique of the new enfant terribles of quantitative finance
Author/Creator: Juniper, James
Description: The paper evaluates criticism on the part of the authors Nassim Taleb and Elie Ayache, directed at mainstream quantitative finance theory and practice. In particular, it examines the philosophical basis for these attacks, comparing each with the alternative afforded by Keynesian conceptions of decision-making under uncertainty. While Taleb's concerns are congruent with Keynesian conceptions of uncertainty, it is argued that Ayache has no grounds for distinguishing in a Keynesian manner between short-run and long-run expectations, due to the fact that he bases his arguments on a radically skeptical approach informed by the Speculative Realism of Quentin Meillassoux.
Relation: 10th Australian Society of Heterodox Economists Conference (SHE). Proceedings of the 10th Australian Society of Heterodox Economists Conference (Sydney 5-6 December, 2011)
Relation: http://www.asb.unsw.edu.au/research/societyofheterodoxeconomists/Pages/default.aspx
Date: 2011
Publisher: University of NSW
Keyword(s): Keynesian; finance theory; quantitative; Nassim Taleb; Elie Ayache
Resource Type: conference paper
Identifier: http://hdl.handle.net/1959.13/934352
Language: eng

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