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Book reviews

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  • n.d.

Abstract

This paper reviews the classics of financial economics with the benefit of insight offered by the recent financial crisis. The failure of mainstream financial models to explain the observed behavior of markets is put in relation with Itzhak Gilboa?s critique of the decisional model used for assessing choice under uncertainty. The paper argues that Gilboa?s attempt to develop an alternative theory of decision under uncertainty has a clear Keynesian derivation.

Suggested Citation

  • n.d., 2012. "Book reviews," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 0(1), pages 125-166.
    • Handle: RePEc:fan:spespe:v:html10.3280/spe2012-001008
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    More about this item

    JEL classification:

    • B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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