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Risk Management: An Interdisciplinary Framework

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

Risk management is shown to be based on both theory and practice. It is shown to be conceptual and technical, blending behavioral psychology, financial economics, and decision-making under uncertainty into a coherent whole that justifies the selection of risky choices. Its applications are broadly distributed across many areas and fields of interest. The examples treated here have focused on both finance and insurance and on a few problems in industrial management.

Original languageEnglish
Title of host publicationEncyclopedia of Actuarial Science
Subtitle of host publicationTeugels Actuarial 3V Set
Publisherwiley
Pages1-11
Number of pages11
ISBN (Electronic)9780470012505
ISBN (Print)9780470846766
DOIs
StatePublished - 1 Jan 2007
Externally publishedYes

Bibliographical note

Publisher Copyright:
© 2004 John Wiley & Sons, Ltd.

Keywords

  • interdisciplinary
  • management
  • risk

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