Aspects Of Risk Theory

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Aspects of Risk Theory

Jan Grandell
Aspects of Risk Theory Book PDF

Author : Jan Grandell
Publisher : Springer Science & Business Media
Page : 186 pages
File Size : 47,8 Mb
Release : 2012-12-06
Category : Mathematics
ISBN : 9781461390589

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Aspects of Risk Theory by Jan Grandell Pdf

Risk theory, which deals with stochastic models of an insurance business, is a classical application of probability theory. The fundamental problem in risk theory is to investigate the ruin possibility of the risk business. Traditionally the occurrence of the claims is described by a Poisson process and the cost of the claims by a sequence of random variables. This book is a treatise of risk theory with emphasis on models where the occurrence of the claims is described by more general point processes than the Poisson process, such as renewal processes, Cox processes and general stationary point processes. In the Cox case the possibility of risk fluctuation is explicitly taken into account. The presentation is based on modern probabilistic methods rather than on analytic methods. The theory is accompanied with discussions on practical evaluation of ruin probabilities and statistical estimation. Many numerical illustrations of the results are given.

Risk Theory

Nicholas Rescher
Risk Theory Book PDF

Author : Nicholas Rescher
Publisher : Springer
Page : 80 pages
File Size : 47,6 Mb
Release : 2021-10-05
Category : Philosophy
ISBN : 3030785017

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Risk Theory by Nicholas Rescher Pdf

Apart from its foray into technical issues of risk assessment and management, this book has one principal aim. With situations of chancy outcomes certain key factors—including outcome possibilities, overall expectation, threat, and even luck—are measurable parameters. But risk is something different: it is not measurable a single parametric quantity, but a many-sided factor that has several different components, and constitutes a complex phenomenon that must be assessed judgmentally in a highly contextualized way. This book explains and analyzes how this works out in practice. Topics in this work include choice and risk, chance and likelihood, as well as outcome-yield evaluation and risk. It takes into account abnormal situations and eccentric measurements, situational evaluation and expectation and scrutinizes the social aspect of risk. The book is of interest to logicians, philosophers of mathematics, and researchers of risk assessment. The project is a companion piece to the author's LUCK THEORY, also published by Springer.

Mathematical Methods in Risk Theory

Hans Bühlmann
Mathematical Methods in Risk Theory Book PDF

Author : Hans Bühlmann
Publisher : Springer Science & Business Media
Page : 218 pages
File Size : 50,5 Mb
Release : 2007-06-15
Category : Mathematics
ISBN : 9783540307112

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Mathematical Methods in Risk Theory by Hans Bühlmann Pdf

From the reviews: "The huge literature in risk theory has been carefully selected and supplemented by personal contributions of the author, many of which appear here for the first time. The result is a systematic and very readable book, which takes into account the most recent developments of the field. It will be of great interest to the actuary as well as to the statistician . . ." -- Math. Reviews Vol. 43

Practical Risk Theory for Actuaries

C.D. Daykin,T. Pentikainen,Martti Pesonen
Practical Risk Theory for Actuaries Book PDF

Author : C.D. Daykin,T. Pentikainen,Martti Pesonen
Publisher : CRC Press
Page : 572 pages
File Size : 55,5 Mb
Release : 1993-12-01
Category : Mathematics
ISBN : 0412428504

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Practical Risk Theory for Actuaries by C.D. Daykin,T. Pentikainen,Martti Pesonen Pdf

This classic textbook covers all aspects of risk theory in a practical way. It builds on from the late R.E. Beard's extremely popular book Risk Theory, but features more emphasis on simulation and modeling and on the use of risk theory as a practical tool. Practical Risk Theory is a textbook for practicing and student actuaries on the practical aspects of stochastic modeling of the insurance business. It has its roots in the classical theory of risk but introduces many new elements that are important in managing the insurance business but are usually ignored in the classical theory. The authors avoid overcomplicated mathematics and provide an abundance of diagrams.

Essentials of Risk Theory

Sabine Roeser,Rafaela Hillerbrand,Per Sandin,Martin Peterson
Essentials of Risk Theory Book PDF

Author : Sabine Roeser,Rafaela Hillerbrand,Per Sandin,Martin Peterson
Publisher : Springer Science & Business Media
Page : 153 pages
File Size : 50,8 Mb
Release : 2012-11-02
Category : Science
ISBN : 9789400754553

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Essentials of Risk Theory by Sabine Roeser,Rafaela Hillerbrand,Per Sandin,Martin Peterson Pdf

Risk has become one of the main topics in fields as diverse as engineering, medicine and economics, and it is also studied by social scientists, psychologists and legal scholars. This Springer Essentials version offers an overview of the in-depth handbook and highlights some of the main points covered in the Handbook of Risk Theory. The topic of risk also leads to more fundamental questions such as: What is risk? What can decision theory contribute to the analysis of risk? What does the human perception of risk mean for society? How should we judge whether a risk is morally acceptable or not? Over the last couple of decades questions like these have attracted interest from philosophers and other scholars into risk theory. This brief offers the essentials of the handbook provides for an overview into key topics in a major new field of research and addresses a wide range of topics, ranging from decision theory, risk perception to ethics and social implications of risk. It aims to promote communication and information among all those who are interested in theoretical issues concerning risk and uncertainty. The Essentials of Risk Theory brings together internationally leading philosophers and scholars from other disciplines who work on risk theory. The contributions are accessibly written and highly relevant to issues that are studied by risk scholars. The Essentials of Risk Theory will be a helpful starting point for all risk scholars who are interested in broadening and deepening their current perspectives. ​

Risk Theory and Reinsurance

Griselda Deelstra,Guillaume Plantin
Risk Theory and Reinsurance Book PDF

Author : Griselda Deelstra,Guillaume Plantin
Publisher : Springer Science & Business Media
Page : 85 pages
File Size : 40,6 Mb
Release : 2013-11-22
Category : Business & Economics
ISBN : 9781447155683

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Risk Theory and Reinsurance by Griselda Deelstra,Guillaume Plantin Pdf

Reinsurance is an important production factor of non-life insurance. The efficiency and the capacity of the reinsurance market directly regulate those of insurance markets. The purpose of this book is to provide a concise introduction to risk theory, as well as to its main application procedures to reinsurance. The first part of the book covers risk theory. It presents the most prevalent model of ruin theory, as well as a discussion on insurance premium calculation principles and the mathematical tools that enable portfolios to be ordered according to their risk levels. The second part describes the institutional context of reinsurance. It first strives to clarify the legal nature of reinsurance transactions. It describes the structure of the reinsurance market and then the different legal and technical features of reinsurance contracts, known as reinsurance ‘treaties’ by practitioners. The third part creates a link between the theories presented in the first part and the practice described in the second one. Indeed, it sets out, mostly through examples, some methods for pricing and optimizing reinsurance. The authors aim is to apply the formalism presented in the first part to the institutional framework given in the second part. It is reassuring to find such a relationship between approaches seemingly abstract and solutions adopted by practitioners. Risk Theory and Reinsurance is mainly aimed at master's students in actuarial science but will also be useful for practitioners wishing to revive their knowledge of risk theory or to quickly learn about the main mechanisms of reinsurance.

Risk Theory

Hanspeter Schmidli
Risk Theory Book PDF

Author : Hanspeter Schmidli
Publisher : Springer
Page : 242 pages
File Size : 52,7 Mb
Release : 2018-04-04
Category : Business & Economics
ISBN : 9783319720050

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Risk Theory by Hanspeter Schmidli Pdf

This book provides an overview of classical actuarial techniques, including material that is not readily accessible elsewhere such as the Ammeter risk model and the Markov-modulated risk model. Other topics covered include utility theory, credibility theory, claims reserving and ruin theory. The author treats both theoretical and practical aspects and also discusses links to Solvency II. Written by one of the leading experts in the field, these lecture notes serve as a valuable introduction to some of the most frequently used methods in non-life insurance. They will be of particular interest to graduate students, researchers and practitioners in insurance, finance and risk management.

Handbook of Risk Theory

Sabine Roeser
Handbook of Risk Theory Book PDF

Author : Sabine Roeser
Publisher : Springer Science & Business Media
Page : 1209 pages
File Size : 51,8 Mb
Release : 2012
Category : Decision making
ISBN : 9789400714328

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Handbook of Risk Theory by Sabine Roeser Pdf

Risk has become one of the main topics in fields as diverse as engineering, medicine and economics, and it is also studied by social scientists, psychologists and legal scholars. But the topic of risk also leads to more fundamental questions such as: What is risk? What can decision theory contribute to the analysis of risk? What does the human perception of risk mean for society? How should we judge whether a risk is morally acceptable or not? Over the last couple of decades questions like these have attracted interest from philosophers and other scholars into risk theory. This handbook provides for an overview into key topics in a major new field of research. It addresses a wide range of topics, ranging from decision theory, risk perception to ethics and social implications of risk, and it also addresses specific case studies. It aims to promote communication and information among all those who are interested in theoetical issues concerning risk and uncertainty. This handbook brings together internationally leading philosophers and scholars from other disciplines who work on risk theory. The contributions are accessibly written and highly relevant to issues that are studied by risk scholars. We hope that the Handbook of Risk Theory will be a helpful starting point for all risk scholars who are interested in broadening and deepening their current perspectives.

Handbook of Risk Theory

Rafaela Hillerbrand,Per Sandin,Martin Peterson
Handbook of Risk Theory Book PDF

Author : Rafaela Hillerbrand,Per Sandin,Martin Peterson
Publisher : Springer Science & Business Media
Page : 1209 pages
File Size : 43,8 Mb
Release : 2012-01-12
Category : Science
ISBN : 9789400714335

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Handbook of Risk Theory by Rafaela Hillerbrand,Per Sandin,Martin Peterson Pdf

Risk has become one of the main topics in fields as diverse as engineering, medicine and economics, and it is also studied by social scientists, psychologists and legal scholars. But the topic of risk also leads to more fundamental questions such as: What is risk? What can decision theory contribute to the analysis of risk? What does the human perception of risk mean for society? How should we judge whether a risk is morally acceptable or not? Over the last couple of decades questions like these have attracted interest from philosophers and other scholars into risk theory. This handbook provides for an overview into key topics in a major new field of research. It addresses a wide range of topics, ranging from decision theory, risk perception to ethics and social implications of risk, and it also addresses specific case studies. It aims to promote communication and information among all those who are interested in theoetical issues concerning risk and uncertainty. This handbook brings together internationally leading philosophers and scholars from other disciplines who work on risk theory. The contributions are accessibly written and highly relevant to issues that are studied by risk scholars. We hope that the Handbook of Risk Theory will be a helpful starting point for all risk scholars who are interested in broadening and deepening their current perspectives.

Risk Analysis in Theory and Practice

Jean-Paul Chavas
Risk Analysis in Theory and Practice Book PDF

Author : Jean-Paul Chavas
Publisher : Elsevier
Page : 247 pages
File Size : 53,7 Mb
Release : 2004-07-01
Category : Business & Economics
ISBN : 9780080516332

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Risk Analysis in Theory and Practice by Jean-Paul Chavas Pdf

The objective of Risk Analysis in Theory and Practice 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 assessment. This allows us to measure risk in a fashion that can be communicated among decision makers or researchers. Second, risk preferences are now better understood. This provides useful insights into the economic rationality of decision making under uncertainty. Third, over the last decades, good insights have been developed about the value of information. This helps better understand the role of information in human decision making and this book provides a systematic treatment of these issues in the context of both private and public decisions under uncertainty. Balanced treatment of conceptual models and applied analysis Considers both private and public decisions under uncertainty Website presents application exercises in Excel

Understanding Risk

David Murphy
Understanding Risk Book PDF

Author : David Murphy
Publisher : CRC Press
Page : 472 pages
File Size : 52,9 Mb
Release : 2008-04-23
Category : Business & Economics
ISBN : 1584888946

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Understanding Risk by David Murphy Pdf

Sound risk management often involves a combination of both mathematical and practical aspects. Taking this into account, Understanding Risk: The Theory and Practice of Financial Risk Management explains how to understand financial risk and how the severity and frequency of losses can be controlled. It combines a quantitative approach with a

Risk

Niklas Luhmann
Risk Book PDF

Author : Niklas Luhmann
Publisher : Routledge
Page : 236 pages
File Size : 46,7 Mb
Release : 2017-09-04
Category : Psychology
ISBN : 9781351492904

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Risk by Niklas Luhmann Pdf

A great deal of attention has been devoted to risk research. Sociologists in general have limited themselves to varying recognitions of a society at risk and have traced out the paths to disaster. The detailed research has yet to be undertaken. In Risk, now available in paperback, Niklas Luhmann develops a theoretical program for such research. His premise is that the concept of risk projects essential aspects of our description of the future onto the present. Risk is conceived as the possibility of triggering unexpected, unlikely, and detrimental consequences by means of a decision attributable to a decision maker.

Risk, Uncertainty and Profit

Frank H. Knight
Risk Uncertainty and Profit Book PDF

Author : Frank H. Knight
Publisher : Cosimo, Inc.
Page : 401 pages
File Size : 41,5 Mb
Release : 2006-11-01
Category : Business & Economics
ISBN : 9781602060050

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Risk, Uncertainty and Profit by Frank H. Knight Pdf

A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.

Knowledge Risk Management

Susanne Durst,Thomas Henschel
Knowledge Risk Management Book PDF

Author : Susanne Durst,Thomas Henschel
Publisher : Springer Nature
Page : 266 pages
File Size : 44,9 Mb
Release : 2020-02-04
Category : Business & Economics
ISBN : 9783030351212

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Knowledge Risk Management by Susanne Durst,Thomas Henschel Pdf

This book provides an in-depth introduction to knowledge risk management (KRM) as well as methods, tools and cases to address knowledge risk management issues in both the public and private sector. It focuses on the integration of knowledge risks into the holistic risk management of organizations. In addition, this book is accompanied by an external website that includes additional checklists, videos and company cases. The combination of a sound theoretical framework along with practical instruments, tools and ancillary materials makes this book a unique, interactive book for professionals, managers, and executives as well as students, academics and policy makers.

Risk Theory

Nicholas Rescher
Risk Theory Book PDF

Author : Nicholas Rescher
Publisher : Unknown
Page : 0 pages
File Size : 48,7 Mb
Release : 2022
Category : Electronic
ISBN : 3030785033

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Risk Theory by Nicholas Rescher Pdf

Apart from its foray into technical issues of risk assessment and management, this book has one principal aim. With situations of chancy outcomes certain key factors-including outcome possibilities, overall expectation, threat, and even luck-are measurable parameters. But risk is something different: it is not measurable a single parametric quantity, but a many-sided factor that has several different components, and constitutes a complex phenomenon that must be assessed judgmentally in a highly contextualized way. This book explains and analyzes how this works out in practice. Topics in this work include choice and risk, chance and likelihood, as well as outcome-yield evaluation and risk. It takes into account abnormal situations and eccentric measurements, situational evaluation and expectation and scrutinizes the social aspect of risk. The book is of interest to logicians, philosophers of mathematics, and researchers of risk assessment. The project is a companion piece to the author's LUCK THEORY, also published by Springer.