Schinckus, Christophe - In: Physica A: Statistical Mechanics and its Applications 388 (2009) 20, pp. 4415-4423
notion of both fields: uncertainty and the ways of thinking about it developed by the two disciplines. After having presented … the main economic theories of uncertainty (provided by Knight, Keynes and Hayek), I show how this notion is paradoxically … excluded from the economic field. In economics, uncertainty is totally reduced by an a priori Gaussian framework—in contrast to …