Economics and Finance of Risk and of the Future |
|
Author:
| Kast, Robert Lapied, André |
Series title: | The Wiley Finance Ser. |
ISBN: | 978-0-470-03282-4 |
Publication Date: | Jun 2006 |
Publisher: | John Wiley & Sons, Incorporated
|
Book Format: | Digital download |
List Price: | Contact Supplier contact
Contact Supplier contact
|
Book Description:
|
This book uses real-world examples to show how individual and collective risks can be blended and treated in a reliable decision-making framework that draws its inspiration from decision theory and market based mechanisms. It then goes into deeper detail by looking at the implications of having to face risks (a) where some kind of probabilistic description is available and (b) where none is available, using the example of insurable risks vs non-insurable risks. Again, by using...
More DescriptionThis book uses real-world examples to show how individual and collective risks can be blended and treated in a reliable decision-making framework that draws its inspiration from decision theory and market based mechanisms. It then goes into deeper detail by looking at the implications of having to face risks (a) where some kind of probabilistic description is available and (b) where none is available, using the example of insurable risks vs non-insurable risks. Again, by using real-world examples it shows how decision-makers can cope with such situations by a proper understanding and use of modern financial techniques.