ENGLISH

Economics and Finance of Risk and of the Future (The Wiley Finance Series)

By Robert Kast , André Lapied

Book information

Publisher
Wiley
Year
2006
ISBN
9780470015773, 0470015772
Open Library ID
OL7594512M
Language
english
Format
PDF
Filesize
1 MB (1549708 bytes)
Series
The Wiley Finance Series
Pages
245\245
Topic
Economy
Time added
2010-08-30 15:18:36

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 real-world examples it shows how decision-makers can cope with such situations by a proper understanding and use of modern financial techniques.

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