LOGICAL DIMENSIONS OF ECONOMIC RISKS

Abstract

 The article examines the economic nature of risks due to the interaction of local (internal and external) and global factors thatinfluence the course of economic events. Logical dimensions of economic risks are considered mainly in the context ofprobabilistic approaches formulated by K. Popper and J.M. Keynes. Applied aspects are analysed on the basis of the Bayesconditional probability theorem and decision theory, which considers the maximisation of the expected value, the maximisationof the expected monetary value and the maximisation of the expected utility.Keywords: risk, uncertainty, probability, logical probability, logical proximity, risk analysis.