Книга Assessing Risk Assessment Christian Hugo Hoffmann

Assessing Risk Assessment

Towards Alternative Risk Measures for Complex Financial Systems

Език: Английски език
Корици: С меки корици
Наличност: Външен склад
Изпращаме след 5-8 дни
84.45 165.18 лв
Christian Hugo Hoffmann undermines the citadel of risk assessment and management, arguing that class...

Информация за книгата

Език
Английски език
Корици
Книга - С меки корици
Издадена
2017
страници
377
EAN
9783658200312
ISBN
3658200316
Enbook ID
18309599
Теглоt
5045
Размери
148 x 210 x 23

Пълно описание

Christian Hugo Hoffmann undermines the citadel of risk assessment and management, arguing that classical probability theory is not an adequate foundation for modeling systemic and extreme risk in complex financial systems. He proposes a new class of models which focus on the knowledge dimension by precisely describing market participants' own positions and their propensity to react to outside changes. The author closes his thesis by a synthetical reflection on methods and elaborates on the meaning of decision-making competency in a risk management context in banking. By choosing this poly-dimensional approach, the purpose of his work is to explore shortcomings of risk management approaches of financial institutions and to point out how they might be overcome.

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