Modeling, Measuring and Managing Risk

This book is the first in the market to treat single- and multi-period risk measures (risk functionals) in a thorough, comprehensive manner. It combines the treatment of properties of the risk measures with the related aspects of decision making under risk.The book introduces the theory of risk measures in a mathematically sound way. It contains properties, characterizations and representations of risk functionals for single-period and multi-period activities, and also shows the embedding of such functionals in decision models and the properties of these models.

• | Author: Georg Ch Pflug
• | Publisher: World Scientific Publishing Company
• | Publication Date: Apr 01, 2008
• | Number of Pages: 304 pages
• | Binding: Hardback or Cased Book
• | ISBN-10: 9812707409
• | ISBN-13: 9789812707406