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The Feeling of Risk brings together the work of Paul Slovic, one of the world's leading analysts of risk, to describe the extension of risk perception research into the first decade of this new century. In this collection of important works, Paul Slovic explores the conception of 'risk as feelings' ...
The Feeling of Risk: New Perspectives on Risk Perception
The Feeling of Risk brings together the work of Paul Slovic, one of the world's leading analysts of risk, to describe the extension of risk perception research into the first decade of this new century. In this collection of important works, Paul Slovic explores the conception of 'risk as feelings' and examines the interaction of feeling and cognition in the perception of risk. He also examines the elements of knowledge, cognitive skill, and communication necessary for good decisions in the face of risk. The first section of the book looks at the difficulty of understanding risk without an emotional component, for example that disaster statistics lack emotion and thus fail to convey the true meaning of disasters and fail to motivate proper action to prevent them. The book also highlights other important perspectives on risk arising from cultural worldviews and concerns about specific hazards pertaining to blood transfusion, biotechnology, prescription drugs, smoking, terrorism, and nanotechnology. Following on from The Perception of Risk (2000), this book presents some of the most significant research on risk perception in recent years, providing essential lessons for all those involved in risk perception and communication.
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51.71 USD

The Feeling of Risk: New Perspectives on Risk Perception

by Paul Slovic
Paperback
Book cover image
Longlisted for the FT & McKinsey Business Book of the Year Award 2017 Finance is shrouded in mystery for outsiders, while many insiders are uneasy with the disrepute of their profession. How can finance become more accessible and also recover its nobility? Harvard Business School professor Mihir Desai takes up ...
The Wisdom of Finance: How the Humanities Can Illuminate and Improve Finance
Longlisted for the FT & McKinsey Business Book of the Year Award 2017 Finance is shrouded in mystery for outsiders, while many insiders are uneasy with the disrepute of their profession. How can finance become more accessible and also recover its nobility? Harvard Business School professor Mihir Desai takes up the cause of restoring humanity to finance. With deft wit, he draws upon a rich knowledge of literature, film, history, and philosophy to explain finance's inner workings. Through this creative approach, he shows that outsiders can easily access the underlying ideas and insiders can reacquaint themselves with the core values of their profession. This combination of finance and the humanities creates unusual and illuminating pairings: Jane Austen and Anthony Trollope are guides to risk management; Jeff Koons becomes an advocate of leverage; and Mel Brooks' The Producers teaches us about fiduciary responsibility. In Desai's vision, the principles of finance also provide answers to critical questions in our lives: bankruptcy teaches us how to react to failure, the lessons of mergers apply to marriages, and the Capital Asset Pricing Model demonstrates the true value of relationships. The Wisdom of Finance is a wholly unique book, offering an enlivening new perspective on one of the world's most complex and misunderstood professions.
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20.48 USD

The Wisdom of Finance: How the Humanities Can Illuminate and Improve Finance

by Mihir Desai
Hardback
Book cover image
We find risks everywhere-from genetically modified crops, medical malpractice, and stem-cell therapy to intimacy, online predators, identity theft, inflation, and robbery. They arise from our own acts and they are imposed on us. In this Very Short Introduction, Baruch Fischhoff and John Kadvany draw on the sciences and humanities to ...
Risk: A Very Short Introduction
We find risks everywhere-from genetically modified crops, medical malpractice, and stem-cell therapy to intimacy, online predators, identity theft, inflation, and robbery. They arise from our own acts and they are imposed on us. In this Very Short Introduction, Baruch Fischhoff and John Kadvany draw on the sciences and humanities to explore and explain the many kinds of risk. Using simple conceptual frameworks from decision theory and behavioural research, they examine the science and practice of creating measures of risk, showing how scientists address risks by combining historical records, scientific theories, probability, and expert judgment.Risk: A Very Short Introduction describes what has been learned by cognitive scientists about how people deal with risks, applying these lessons to diverse examples, and demonstrating how understanding risk can aid choices in everyday life and public policies for health, safety, environment, finance, and many other topics. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.
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13.65 USD

Risk: A Very Short Introduction

by John Kadvany, Baruch Fischhoff
Paperback / softback
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Over the past century, we have learned a staggering amount about human nature and how to deal with disaster - yet we keep having car crashes, floods and financial crises. Why is this so? The answer is partly that our desire to make life safer inevitably comes into conflict with ...
Foolproof
Over the past century, we have learned a staggering amount about human nature and how to deal with disaster - yet we keep having car crashes, floods and financial crises. Why is this so? The answer is partly that our desire to make life safer inevitably comes into conflict with the equally irrepressible desire to make things bigger and more complicated. It is our nature to safeguard our world - and yet sometimes, more often than we realise, the very things we create to protect ourselves, end up being the things that threaten our safety and well-being. Take for example anti-locking braking systems on cars - designed to stop us skidding, they actually encourage us to drive faster. Or the 2008 financial crisis - did the steps taken to make the economy more stable in the preceding years encourage behaviour that made a new, devastating crisis inevitable? Experience shows us that we can never build a completely foolproof system because humans will always find a way to muck it up. But we can learn from past mistakes and understand that in order to thrive, we must not take the reckless path or the path that seems safest, but a measure of something in between. In engaging stories and practical takeaways Foolproof shows us how to stop trying to make the world unbreakable, and take advantage of risk.
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17.06 USD

Foolproof

by Greg Ip
Paperback / softback
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Written for advanced undergraduate and master's level courses, this book builds from a base of asymmetric information issues to discuss a wide array of topics and is illustrated with some timely examples.* Covers diverse issues such as risk aversion, expected utility, and moral hazard within the pure theory of insurance* ...
The Economics of Risk and Insurance
Written for advanced undergraduate and master's level courses, this book builds from a base of asymmetric information issues to discuss a wide array of topics and is illustrated with some timely examples.* Covers diverse issues such as risk aversion, expected utility, and moral hazard within the pure theory of insurance* Provides a clear exposition of the necessary mathematics, a feature which cannot be found in readers on the topic* Utilizes an undergraduate economics major level of math* Uses the simplest economic models possible to keep the text intuitive* Introduces more mathematically complex techniques such as basic optimization for students wishing to 'go further' in their analysis
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73.35 USD

The Economics of Risk and Insurance

by S.Hun Seog
Hardback
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This authoritative and highly specialised text contains detailed analysis and guidance on insurance claims for practitioners. The author adopts a modern, accessible approach which makes retrieval of information fast and convenient. Insurance Claims, third edition gives an accurate summary of the law as it relates to insurance claims including claims ...
Insurance Claims
This authoritative and highly specialised text contains detailed analysis and guidance on insurance claims for practitioners. The author adopts a modern, accessible approach which makes retrieval of information fast and convenient. Insurance Claims, third edition gives an accurate summary of the law as it relates to insurance claims including claims against insurers and insurance brokers. The new edition includes the following developments in the law since the last edition: Notification of claims and circumstances following Kajima and Kidsons; Developments in relation to damages for late payment by insurers; Establishing the basis of the insured's liability to a third party following Omega Proteins v Aspen Insurance; The relevance of commercial purpose to the construction of policy wordings in the light of the EL Trigger Litigation; Waiver and estoppel in relation to procedural conditions following Kosmar Villa Holidays v Syndicate 1243; The Third Parties (Rights Against Insurers) Act 2010; The Law Commission's review of consumer and business insurance.
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230.35 USD

Insurance Claims

by Alison Padfield
Hardback
Book cover image
The Solvency II framework directive was approved in 2009 2Q by the European Parliament, and the insurance industry must now move quickly with their preparations to be compliant with this framework. As Solvency II allows insurers to use internally developed models for measuring risks for the first time, this is ...
The Solvency II Handbook
The Solvency II framework directive was approved in 2009 2Q by the European Parliament, and the insurance industry must now move quickly with their preparations to be compliant with this framework. As Solvency II allows insurers to use internally developed models for measuring risks for the first time, this is quite a challenge for these companies. Solvency II follows Basel II's similar three-pillar structure, which will regulate risk measurement requirements, supervisor review and market discipline and disclosure. The demands for Solvency II are quite extensive and will change the insurance industry worldwide with better risk assessment and mitigation and much higher financial and risk disclosure details. The Solvency II Handbook provides an introduction and deeper look into the Solvency II framework, exploring in detail the current practices within the insurance industry and the impact of Solvency II; looking at what the issues and challenges of building an internal model are, risk management implementation as it is and, crucially, the regulatory perspective on calculating solvency capital requirements. The book then moves onto explore in greater depth how to measure and manage financial risk, insurance risk, operational risk as well as providing key chapters on economic capital and hedging. The relevant regulatory bodies will be looking to govern and approve company's internal models. This must-read book is essential to all insurers and reinsurers who are currently in the process of choosing between using the standard formula or, in particular, developing their own internal risk management framework. For practitioners and regulators, this is a one-stop reference tool that contains vital thinking on internal modelling ideas and how to prepare for Solvency II compliance.
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247.41 USD

The Solvency II Handbook

Paperback
Book cover image
Tsuyoshi Oyama, an experienced risk management professional, has produced a valuable and insightful examination of the causes of the global financial crisis, the initial public sector responses to the crisis, and his recommendations on how best to bolster international financial soundness. A Japanese perspective on these matters may be of ...
Post-Crisis Risk Management: Bracing for the Next Perfect Storm
Tsuyoshi Oyama, an experienced risk management professional, has produced a valuable and insightful examination of the causes of the global financial crisis, the initial public sector responses to the crisis, and his recommendations on how best to bolster international financial soundness. A Japanese perspective on these matters may be of particular relevance, given the country s and Mr. Oyama s extensive experience with financial stability issues since 1989. Post-Crisis Risk Management is a useful addition to the rapidly growing literature on how we might avoid repeating the global financial crisis in our lifetimes. Charles Littrell Executive General Manager Australian Prudential Regulation Authority Post-Crisis Risk Management provides a unique opportunity for readers to get some idea of an insider s perspective to the global financial crisis and most importantly to the regulatory aspects relating to the crisis such as Basel II. Mr. Oyama is headstrong and has the burning desire to share with us his own view of the global regulatory framework and more. In this book, he argues his case to avoid a recurrence of such crisis in the future. Luo Ping Director General, Training Department China Banking Regulatory Commission With his extensive experience as a regulator and risk manager, Tsuyoshi Oyama provides an instructive insight into the development of the current crisis and workings of the regulatory world, and offering suggestions on how best to address the challenges of future financial and economic issues. Mr. Oyama puts the art and science of risk management in the proper perspective to make this book an interesting read for both the regulator and regulated. A timely work no less. Tham Ming Soong Executive Vice President, Head, Risk Management, United Overseas Bank Limited Post-Crisis Risk Management takes a different view from the earlier analyses of the global financial crisis and submits proposals which may create a more stabilized world financial system. A must-read book. Krirk Vanikkul Assistant Governor Bank of Thailand What is the degree of stress to be endured by individual financial institutions? This is a question that many financial institutions actually had during the crisis but have gained no answer yet. This book proposes a unique answer to this question, that is, the agreement of sharing stresses is to be absorbed between financial institutions and the authorities. This agreement could effectively motivate senior managers of financial institutions to be deeply involved in the risk management, which is often seen as an art. This book also sounds a warning from a long-term point of view, of the dangerous consequence of the current stop-gap measures initiated mainly by politicians with regulation enhancement. Shinichiro Nakano General Manager, Risk Management Division The Norinchukin Bank
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93.85 USD

Post-Crisis Risk Management: Bracing for the Next Perfect Storm

by Tsuyoshi Oyama
Hardback
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The march toward modernisation has not only overhauled the traditional care system for the aged, it has equally introduced new elements which tend to marginalise the fast-growing ageing population. Both the Christian Churches and subsequent governments (federal, state and local) have offered some solutions but unfortunately only very few aged ...
Old Age Insurance as a Socioethical Responsibility: Nigeria in Transition
The march toward modernisation has not only overhauled the traditional care system for the aged, it has equally introduced new elements which tend to marginalise the fast-growing ageing population. Both the Christian Churches and subsequent governments (federal, state and local) have offered some solutions but unfortunately only very few aged benefit from them. Besides, some of these solutions are either short-termed or they are Euro-American oriented. A-three-tier-contributory old age insurance for all in non-pensionable employment appears to be the last and the only lasting option. An integrated assistance from the governments (all levels), community, local churches and the family serves as a veritable supplement to the benefits of the insurance.
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98.650000 USD
Paperback / softback
Book cover image
The Black/Scholes model and other option valuation concepts are enjoying widespread application by theoreticians and practitioners. However, one must not ignore that model values do not necessarily meet market prices. The reason is that the model rationales are based on a perfect, frictionless market environment that no options market in ...
Option Valuation in the Presence of Market Imperfections
The Black/Scholes model and other option valuation concepts are enjoying widespread application by theoreticians and practitioners. However, one must not ignore that model values do not necessarily meet market prices. The reason is that the model rationales are based on a perfect, frictionless market environment that no options market in reality can ever provide. This book describes and discusses the numerous market imperfections found in reality and the effects they have on option prices. Many of these factors are not obvious at first glance (e.g. market impact costs, trading restrictions, non-lognormal stock price distributions, taxes, dividends, and others). It is shown how these factors can cause the significant, systematic deviations of market prices from model values that are found in a variety of empirical studies. Alternative models that have been devised in an attempt to alleviate these biases are shown to be unable to capture them in a consistent fashion. This work provides the theoretician with a comprehensive survey and discussion of the current academic knowledge on the subject and its implications for option market efficiency. For the practitioner, the book opens the black box of option valuation models and sharpens the eye for the difference between theoretical elegance and practical applicability.
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81.850000 USD
Paperback / softback
Book cover image
The future of the insurance regulation begins now For those involved with the insurance industry, from investment professionals to policy makers, and regulators to legislators, tremendous change is coming. With insurance premiums constituting an ever-growing portion of annual U.S. GDP and provisions of the Dodd-Frank Act specifically calling for modernization ...
Modernizing Insurance Regulation
The future of the insurance regulation begins now For those involved with the insurance industry, from investment professionals to policy makers, and regulators to legislators, tremendous change is coming. With insurance premiums constituting an ever-growing portion of annual U.S. GDP and provisions of the Dodd-Frank Act specifically calling for modernization of insurance regulations, the issues at hand are pervasive. In Modernizing Insurance Regulation, these issues are described against a backdrop of the political and industry discussions that surround insurance, regulation, and systemic risk. Experts Viral V. Acharya and Matthew Richardson discuss a variety of issues with top thinkers in the fields of finance, derivatives, credit risk, and banking to bring to light the most germane elements of this ongoing discussion. In Modernizing Insurance Regulation, Acharya and Richardson call on the expertise of all the relevant stakeholders within government, academia, and industry to offer a well-rounded and independent view of insurance regulation and how the evolution of this key industry affects the U.S. economy now and in the future. * Provides an overview of the feasibility of maintaining a state-level regulatory structure * Offers a view of the issues from top academics, industry leaders, and state regulators * Explores the debate surrounding the insurance industry and systemic risk * Provides an in-depth look at upcoming changes under the Dodd-Frank Act Modernizing Insurance Regulation provides a look into the crucial changes coming to insurance regulation and an overview of how those changes will affect almost everyone.
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93.85 USD

Modernizing Insurance Regulation

by Matthew P. Richardson, John H. Biggs
Hardback
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A compact yet comprehensive expose of the best international practical experience in catastrophe risk management at the country level. Outlines the key challenges involved in building national catastrophe insurance schemes. Clearly illustrates how countries exposed to natural disasters can manage their catastrophe risk exposures to reduce the cost of risk ...
Catastrophe Risk and Reinsurance: A Country Risk Management Perspective
A compact yet comprehensive expose of the best international practical experience in catastrophe risk management at the country level. Outlines the key challenges involved in building national catastrophe insurance schemes. Clearly illustrates how countries exposed to natural disasters can manage their catastrophe risk exposures to reduce the cost of risk for national economies by following the classical corporate risk management model. The book contains valuable practical insights for risk and insurance professionals, and government policy makers on the key challenges involved in designing a successful national catastrophe risk management programme. The international focus offers innovative insights of the foremost academics in the area alongside practical expertise from leading international reinsurance and risk professionals, based on their experience of running some of the largest catastrophe risk programmes worldwide. In addition it demonstrates the importance of public-private partnerships in catastrophe risk financing by suggesting the roles of government and private risk markets. Finally, the title examines the best international practices at each stage of catastrophe risk management including: country risk assessments and risk modelling, risk transfer products as well as optimal institutional arrangements for national catastrophe risk management, including national reinsurance and insurance pools.
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145.04 USD

Catastrophe Risk and Reinsurance: A Country Risk Management Perspective

Hardback
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The financial crisis of 2008 had little impact on the insurance industry globally, unlike the solvency issues within other financial sectors. This title looks at the major risk concerns within insurance and how the industry as a whole deals with potential threats to its business in the short, medium, and ...
Risk Management Issues in Insurance
The financial crisis of 2008 had little impact on the insurance industry globally, unlike the solvency issues within other financial sectors. This title looks at the major risk concerns within insurance and how the industry as a whole deals with potential threats to its business in the short, medium, and long term. It will demystify how insurers cope with liquidity risk, counterparty risk, tail-event risk (catastrophe), longevity risk, and the impact of climate change.
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51.19 USD

Risk Management Issues in Insurance

Hardback
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A comprehensive guide to current issues and practices in governance for Takaful and re-Takaful operations As the global demand for Islamic insurance products increases, a thorough understanding of Takaful principles is vital for accountants, auditors, and leaders of companies offering these products. This book covers the basic accounting principles and ...
Accounting, Auditing and Governance for Takaful Operations
A comprehensive guide to current issues and practices in governance for Takaful and re-Takaful operations As the global demand for Islamic insurance products increases, a thorough understanding of Takaful principles is vital for accountants, auditors, and leaders of companies offering these products. This book covers the basic accounting principles and practices of Takaful operations, including the segregation of assets, liabilities, income, and expenditures between the Takaful operator and participants; the setting aside of cash reserves for meeting outstanding claims and future claims; and the management of revenue and expenditure. Featuring extensive case studies from real-world situations, this book is the perfect primer for accounting students and practitioners unfamiliar with Islamic finance and Takaful operations. * Written by experts from the International Islamic University Malaysia, the leading organisation in research in Islamic finance * Covers all the major accounting principles and practices * Based on real-world experience and packed with illustrative case studies For practicing accountants and business leaders, this book offers a thorough education in Takaful operations while also serving as an excellent guide for undergraduate students and researchers.
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81.05 USD

Accounting, Auditing and Governance for Takaful Operations

by Ibrahim Shaugee, Hanna Rabittah Zaharin, Younes Soualhi, Mohamed Arif, Sheila Nu Nu Htay
Paperback / softback
Book cover image
The Complete and Easy Guide to Social Security, Healthcare Rights, and Government Benefits
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27.29 USD

The Complete and Easy Guide to Social Security, Healthcare Rights, and Government Benefits

by Faustin F. Jehle
Paperback
Book cover image
Longlisted for the FT & McKinsey Business Book of the Year Award 2017 Finance is shrouded in mystery for outsiders, while many insiders are uneasy with the disrepute of their profession. How can finance become more accessible and also recover its nobility? Harvard Business School professor Mihir Desai takes up ...
The Wisdom of Finance: How the Humanities Can Illuminate and Improve Finance
Longlisted for the FT & McKinsey Business Book of the Year Award 2017 Finance is shrouded in mystery for outsiders, while many insiders are uneasy with the disrepute of their profession. How can finance become more accessible and also recover its nobility? Harvard Business School professor Mihir Desai takes up the cause of restoring humanity to finance. With deft wit, he draws upon a rich knowledge of literature, film, history, and philosophy to explain finance's inner workings. Through this creative approach, he shows that outsiders can easily access the underlying ideas and insiders can reacquaint themselves with the core values of their profession. This combination of finance and the humanities creates unusual and illuminating pairings: Jane Austen and Anthony Trollope are guides to risk management; Jeff Koons becomes an advocate of leverage; and Mel Brooks' The Producers teaches us about fiduciary responsibility. In Desai's vision, the principles of finance also provide answers to critical questions in our lives: bankruptcy teaches us how to react to failure, the lessons of mergers apply to marriages, and the Capital Asset Pricing Model demonstrates the true value of relationships. The Wisdom of Finance is a wholly unique book, offering an enlivening new perspective on one of the world's most complex and misunderstood professions.
17.06 USD

The Wisdom of Finance: How the Humanities Can Illuminate and Improve Finance

by Mihir Desai
Paperback / softback
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