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Acts of God and man : ruminations on risk and insurance / Michael R. Powers.

By: Material type: TextTextPublisher number: EB00662676 | Recorded BooksSeries: Columbia Business School PublishingPublication details: New York : Columbia Business School Pub., ©2012.Description: 1 online resource (xvi, 283 pages) : illustrationsContent type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 0231527055
  • 9780231527057
Subject(s): Genre/Form: Additional physical formats: Print version:: Acts of God and man.DDC classification:
  • 368 23
LOC classification:
  • HG8054.5 .P69 2012eb
Online resources:
Contents:
Living with risk -- The alpha and the omega of risk the significance of mortality -- Into the unknown modeling uncertainty -- The shapes of things to come probabilities and parameters -- The value of experience independence and estimation -- It's all in your head bayesian decision making -- The realm of insurance -- Aloofness and quasi-aloofness defining insurance risks -- Trustworthy transfer; probable pooling financing insurance risks -- God-awful guessing and bad behavior solvency and underwriting -- The good, the bad, the role of risk classification -- And the lawyerly liability and government compensation -- Scientific challenges -- What is randomness? knowable and unknowable complexity -- Patterns, real and imagined observation and theory -- False choices and black boxes the costs of limited data -- Nullifying the dull hypothesis conventional versus personalized science -- Games and the mind modeling human behavior.
Summary: Much has been written about the ups and downs of financial markets, from the lure of prosperity to the despair of crisis. However, there exists a more fundamental and pernicious source of uncertainty in today's world: the traditional ""insurance"" risks of earthquakes, storms, terrorist attacks, and other disasters. Insightfully exploring these ""acts of God and man, "" Michael R. Powers guides readers through the methods available for identifying and measuring such risks, financing their consequences, and forecasting their future behavior (within the limits of science).
Holdings
Item type Current library Collection Call number Status Date due Barcode Item holds
eBook eBook e-Library EBSCO Business Available
Total holds: 0

Includes bibliographical references and index.

Living with risk -- The alpha and the omega of risk the significance of mortality -- Into the unknown modeling uncertainty -- The shapes of things to come probabilities and parameters -- The value of experience independence and estimation -- It's all in your head bayesian decision making -- The realm of insurance -- Aloofness and quasi-aloofness defining insurance risks -- Trustworthy transfer; probable pooling financing insurance risks -- God-awful guessing and bad behavior solvency and underwriting -- The good, the bad, the role of risk classification -- And the lawyerly liability and government compensation -- Scientific challenges -- What is randomness? knowable and unknowable complexity -- Patterns, real and imagined observation and theory -- False choices and black boxes the costs of limited data -- Nullifying the dull hypothesis conventional versus personalized science -- Games and the mind modeling human behavior.

Much has been written about the ups and downs of financial markets, from the lure of prosperity to the despair of crisis. However, there exists a more fundamental and pernicious source of uncertainty in today's world: the traditional ""insurance"" risks of earthquakes, storms, terrorist attacks, and other disasters. Insightfully exploring these ""acts of God and man, "" Michael R. Powers guides readers through the methods available for identifying and measuring such risks, financing their consequences, and forecasting their future behavior (within the limits of science).

Master record variable field(s) change: 650

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