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Risk and the Endogenous Economist: Some Comparisons of the Treatment of Risk in Physics and Economics*

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  • Neil Doherty

    (Wharton University of Pennsylvania, 255 S. 38th St. Philadelphia, PA 19104.6359, USA.)

Abstract

This is a talk, rather than a research or survey paper. Very little of what I say will be original, but I wish to stimulate discussion on a set of issues that arise from the nature of risk and that I consider problematic to our profession. The paper is not exhaustive of references and many of my arguments have been treated elsewhere. However, I suspect few will have approached the issues from the same starting point and assembled them in the same way.

Suggested Citation

  • Neil Doherty, 2013. "Risk and the Endogenous Economist: Some Comparisons of the Treatment of Risk in Physics and Economics*," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 38(1), pages 1-22, March.
    • Handle: RePEc:pal:genrir:v:38:y:2013:i:1:p:1-22
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    Cited by:

    1. Jean-François Outreville, 2014. "The Meaning of Risk? Insights from The Geneva Risk and Insurance Review," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 39(4), pages 768-781, October.

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