Evolution of financiers' views on the categories "risk" and "uncertainty" in economic science and in the system of state standards
https://doi.org/10.34020/1993-4386-2025-3-119-127
Abstract
The article explores the transformation of theoretical approaches to understanding the categories of "risk" and "uncertainty" in economics, focusing on their interpretation in the works published in the 20th and 21st centuries by leading financiers and representatives of other economic disciplines. Special attention is paid to the differentiation of these concepts proposed by F. Knight, and the subsequent evolution of the researchers' views. The changes in the methodological foundations of risk assessment are analyzed. Based on a comparison of the regulatory framework and state standards (including Russian and international regulatory documents), a gradual convergence of practical approaches to risk management with theoretical concepts is being identified.
About the Authors
N. Fadeikina
Novosibirsk State University of Economics and Management
Russian Federation
Russian Federation
Natalia V. Fadeikina – Doctor of Economics, Professor, Honored Scientist and Honored Economist of the Novosibirsk Region, Professor of the Department of Public Finance, Editor-in-Chief of the scientific journal Siberian Financial School
Novosibirsk
G. Fadeikin
FINEX LLC
Russian Federation
Russian Federation
Georgy A. Fadeikin is a Candidate of Economics, Associate Professor, financial consultant
Novosibirsk
O. Morozova
Novosibirsk State University of Economics and Management
Russian Federation
Russian Federation
Oksana V. Morozova – PhD in Philosophy, Associate Professor (in Finance), Associate Professor of the Department of Public Finance
Novosibirsk
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Review
For citations:
Fadeikina N., Fadeikin G., Morozova O. Evolution of financiers' views on the categories "risk" and "uncertainty" in economic science and in the system of state standards. Siberian Financial School. 2025;(3):119-127. (In Russ.) https://doi.org/10.34020/1993-4386-2025-3-119-127
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