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Risk analysis in theory and practice /
The objective of this book is to present this analytical framework and to illustrate how it can be used in the investigation of economic decisions under risk. In a sense, the economics of risk is a difficult subject: it involves understanding human decisions in the absence of perfect information. Ho...
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| Format: | Online Book |
| Language: | English |
| Published: |
Amsterdam ; Boston : San Diego :
Elsevier/Butterworth Heinemann ; Elsevier Academic Press,
©2004.
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| Series: | Academic Press advanced finance series.
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| Subjects: | |
| Access: | Online version |
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| Summary: | The objective of this book is to present this analytical framework and to illustrate how it can be used in the investigation of economic decisions under risk. In a sense, the economics of risk is a difficult subject: it involves understanding human decisions in the absence of perfect information. How do we make decisions when we do not know some of events affecting us? The complexities of our uncertain world and of how humans obtain and process information make this difficult. In spite of these difficulties, much progress has been made. First, probability theory is the corner stone of risk ass. |
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| Physical Description: | 1 online resource (viii, 24 pages) : illustrations. |
| Bibliography: | Includes bibliographical references (pages 231-235) and index. |
| ISBN: | 1417537213 9781417537211 1281028223 9781281028228 9786611028220 6611028226 0080516335 9780080516332 0121706214 |
| Access: | Electronic access restricted to Villanova University patrons. |