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Description
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.
Table of Contents
1. Choice and Risk.- 2. Chance and Likelihood .- 3. Outcome-Yield Evaluation and Risk.- 4. Abnormal Situations and Eccentric Measurements.- 5. Situational Evaluation and Expectation.- 6. Uncertainty.- 7. Risk Assessment.- 8. Comparing Chancy Situations via Risk and Promise.- 9. Managing Risk and Uncertainty.- 10. The Social Aspect of Risk.- Appendix 1. Pearl Harbor in the Light of Rational Decision.- Appendix 2. Lessons of the Prisoner’s Dilemma.



