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 language | English |
|---|---|
| Title of host publication | Encyclopedia of Actuarial Science |
| Subtitle of host publication | Teugels Actuarial 3V Set |
| Publisher | wiley |
| Pages | 1-11 |
| Number of pages | 11 |
| ISBN (Electronic) | 9780470012505 |
| ISBN (Print) | 9780470846766 |
| DOIs | |
| State | Published - 1 Jan 2007 |
| Externally published | Yes |
Bibliographical note
Publisher Copyright:© 2004 John Wiley & Sons, Ltd.
Keywords
- interdisciplinary
- management
- risk
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