A Keynesian critique of the new enfant terribles of quantitative finance

Title: A Keynesian critique of the new enfant terribles of quantitative finance
Creator: Juniper, James
Publisher Link: http://dx.doi.org/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
Publisher: University of New South Wales (UNSW)
Resource Type: conference paper
Date: 2011
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.
Subject: Keynesian; finance theory; quantitative; Nassim Taleb; Elie Ayache
Identifier: http://hdl.handle.net/1959.13/934352
Identifier: uon:11834
Language: eng
Full Text
Reviewed

		Thumbnail	File	Description	Size	Format
View Details Download			ATTACHMENT01	Publisher version (open access)	1 MB	Adobe Acrobat PDF	View Details Download