shop by

Economics and Finance of Risk and of the Future (Hardcover)

Author: Kast, Robert

Customer Reviews   Write a Review

Be the first to review this item and earn 25 Rakuten Super Points™

Product Overview

Human institutions are continuously threatened by both man-made and natural disasters. They provoke damages that may be hard to value and to compensate, and may also induce simultaneous defaults in industry and in insurance. When prevention means fail, economic and financial instruments become necessary to manage risks.

The scope of this book is to introduce new instruments based on the most recent developments in economics and finance theory. Public economics, decision theory, and arbitrage pricing in financial markets are all areas where these practical tools can be used. Applications are found for: public and private project management, insurable and non insurable risks, static and dynamic hedging of financial investments.

Traditional approaches to risk analysis do not question the relevance of some outdated assumptions. In contrast, this book screens classical tools and considers hypothesis that allow to answer, among others, the following questions: How to measure uncertainties when non-controversial probability distribution are not available? How to give a monetary value to non-tradable goods and assets? When can an individual valuation be implemented for a collective choice? How to use the powerful tools of finance to take into account irreversibilities and flexibilities so crucial to challenge huge risks?


Publisher John Wiley & Sons Inc
Mfg Part# 9780470015773
SKU 202745211
Format Hardcover
ISBN10 0470015772
Release Date 8/13/2012
Product Attributes
Book Format Hardcover
Number of Pages 0232
Publisher John Wiley & Sons
Sold Out
Sorry, you missed the deal!
This product is currently not available.
Promotions & Offers (1)
  •  custom promo
    5% Back* Sitewide with Promo Code Rewardme *See page for details