Economics And Finance Of Risk And Of The Future
by Andre Lapied /
2006 / English / PDF
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This book uses realworld examples to show how individual and collective risks can be blended and treated in a reliable decisionmaking 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 noninsurable risks. Again, by using realworld examples it shows how decisionmakers can cope with such situations by a proper understanding and use of modern financial techniques.
