ANTIFRAGILERS AS INSTITUTIONAL DEVICES TOWARDS AN AUTOPOIETIC ANTIFRAGILITY

Simona-Ionela Becherescu
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Simona-Ionela Becherescu: School of Advanced Studies of the Romanian Academy (SCOSAAR), Bucharest, Romania

Journal of Financial and Monetary Economics, 2020, vol. 8, issue 1, 156-163

Abstract: Paper aims to develop, from a conceptual point of view the concept of antifragility, as property of dynamic systems. The main direction of such development is focused to introducing of a new concept in the economic debate, namely, the concept of antifragile. An antifragiler is that structural device of a system which ensures the actual functioning of the antifragility property. To this end, paper examines, for the first time in the dedicated literature the concept of antifragiler, from a logical, methodological, and institutional point of views, trying to connect it to the already known concept of antifragility and, thus, to find its role, functions, and mechanisms. Finally, a brief examination of the institutional ways to be endowed with antifragilers is provided.

Keywords: antifragility; uncertainty; antifragiler; institutional system; risk; perturbation (search for similar items in EconPapers)
JEL-codes: B41 D80 P40 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:8:y:2020:i:1:p:156-163

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