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The Business of Risk By Peter G. Moore

The Business of Risk by Peter G. Moore

Condition - Very Good
$32,99
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Summary

Risk pervades virtually all areas of human endeavour, whether these endeavours be for social, personal, commercial or national purposes. It is vitally important for all those involved in decision making in these areas to know how to evaluate the risks involved in any action if choices are to be made meaningfully.

The Business of Risk Summary

The Business of Risk by Peter G. Moore

Risk pervades virtually all areas of human endeavour, whether these endeavours be for social, personal, commercial or national purposes. It is vitally important for all those involved in decision making in these areas to know how to evaluate the risks involved in any action if choices are to be made meaningfully. In this introduction, Professor Moore begins by summarising the basic concepts that lie behind a formal approach to decision making under conditions of uncertainty. There then follows a discussion of general questions of the determination of probabilities that measure risk, first the theoretical approach then the collective principle allied to the actuarial approach and the controversial subjective or personal approach. A chapter on measuring utility, or worth, leads in to the second part of the book in which more specific questions about handling risk are studied by looking at examples drawn from a number of different fields: commercial, industrial and financial investment decisions, portfolio management, physical risks, medical diagnosis and finally questions of public policy. The book ends with three appendices covering the basic principles for the handling of probabilities, the various decision making procedures that have been advanced and ways in which risk reduction can be achieved. This account of risk will not only be an essential purchase for practising managers, but will also be necessary reading for those students seeking qualification in business and management studies, accounting, banking, insurance and public administration.

Table of Contents

Preface; 1. Introduction; 2. The determination of probabilities; 3. Subjective risk determination; 4. Calibration and training; 5. The concept of utility; 6. Project investment risks; 7. Risk and financial institutions; 8. Risk and portfolio investment; 9. Gambling and speculation; 10. Physical risk and its perception; 11. Morbidity and medicine; 12. Risk in public policy; Appendices; Exercises; Bibliography; Index.

Additional information

GOR002029876
9780521284974
052128497X
The Business of Risk by Peter G. Moore
Used - Very Good
Paperback
Cambridge University Press
1983-08-25
256
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

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