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Risk Theory = Rational Decision in the Face of Chance, Uncertainty, and Risk /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Risk Theory/ by Nicholas Rescher.
Reminder of title:	Rational Decision in the Face of Chance, Uncertainty, and Risk /
Author:	Rescher, Nicholas.
Description:	XIII, 80 p. 48 illus.online resource. :
Contained By:	Springer Nature eBook
Subject:	Risk Management. -
Online resource:	https://doi.org/10.1007/978-3-030-78502-4
ISBN:	9783030785024

Risk Theory = Rational Decision in the Face of Chance, Uncertainty, and Risk /
Rescher, Nicholas.

Risk TheoryRational Decision in the Face of Chance, Uncertainty, and Risk /[electronic resource] :by Nicholas Rescher. - 1st ed. 2022. - XIII, 80 p. 48 illus.online resource. - SpringerBriefs in Philosophy,2211-4556. - SpringerBriefs in Philosophy,.

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.

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. Topics in this work include choice and risk, chance and likelihood, as well as outcome-yield evaluation and risk. It takes into account abnormal situations and eccentric measurements, situational evaluation and expectation and scrutinizes the social aspect of risk. The book is of interest to logicians, philosophers of mathematics, and researchers of risk assessment. The project is a companion piece to the author's LUCK THEORY, also published by Springer.

ISBN: 9783030785024

Standard No.: 10.1007/978-3-030-78502-4doiSubjects--Topical Terms:

569483
Risk Management.

LC Class. No.: BC1-199

Dewey Class. No.: 160

Risk Theory = Rational Decision in the Face of Chance, Uncertainty, and Risk /
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