| Description |
1 online resource (xvi, 283 pages) : illustrations |
| Series |
Columbia Business School Publishing |
| Contents |
Living with risk -- The alpha and the omega of risk the significance of mortality -- Into the unknown modeling uncertainty -- The shapes of things to come probabilities and parameters -- The value of experience independence and estimation -- It's all in your head bayesian decision making -- The realm of insurance -- Aloofness and quasi-aloofness defining insurance risks -- Trustworthy transfer; probable pooling financing insurance risks -- God-awful guessing and bad behavior solvency and underwriting -- The good, the bad, the role of risk classification -- And the lawyerly liability and government compensation -- Scientific challenges -- What is randomness? knowable and unknowable complexity -- Patterns, real and imagined observation and theory -- False choices and black boxes the costs of limited data -- Nullifying the dull hypothesis conventional versus personalized science -- Games and the mind modeling human behavior |
| Summary |
Much has been written about the ups and downs of financial markets, from the lure of prosperity to the despair of crisis. However, there exists a more fundamental and pernicious source of uncertainty in today's world: the traditional ""insurance"" risks of earthquakes, storms, terrorist attacks, and other disasters. Insightfully exploring these ""acts of God and man, "" Michael R. Powers guides readers through the methods available for identifying and measuring such risks, financing their consequences, and forecasting their future behavior (within the limits of science) |
| Bibliography |
Includes bibliographical references and index |
| Notes |
English |
| Subject |
Risk (Insurance)
|
|
Risk management.
|
|
risk management.
|
|
BUSINESS & ECONOMICS -- Insurance -- Risk Assessment & Management.
|
|
BUSINESS & ECONOMICS -- General.
|
|
Risk (Insurance)
|
|
Risk management
|
| Form |
Electronic book
|
| ISBN |
0231527055 |
|
9780231527057 |
|
1281906352 |
|
9781281906359 |
|
9786613792600 |
|
6613792608 |
|
