Valuation and Risk Management: Anticipation and Resilience
Jérémy Eydieux ()
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Jérémy Eydieux: CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique
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Abstract:
How can anticipation (analyzing risk, establishing rules and norms) and resilience (capacity to maintain safety when facing unpredictable situations) be articulated? Classical theories of risk management tend to view them as potentially contradictory. Valuation helps to think their articulation by going beyond such a dichotomy. Adapting operational beliefs through ongoing valuation can never provide certain anticipations, but this social process should make anticipations intelligible, communicable and debatable. As fixing beliefs in advance is always incomplete for situations yet to come, its results should have flexible meanings in order to support and not interfere with situated management. So that anticipation would be an instrument for resilience and resilience an instrument for anticipation.
Keywords: Pragmatist philosophy; Risk governance; Theory of valuation; Risk management (search for similar items in EconPapers)
Date: 2018-06-13
New Economics Papers: this item is included in nep-rmg
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Published in Third European Pragmatism Conference, Jun 2018, Helsinki, Finland
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01817415
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