Free Trial

Safari Books Online is a digital library providing on-demand subscription access to thousands of learning resources.

  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint
Share this Page URL
Help

Chapter 3. Risk Management

Chapter 3. Risk Management

As of today, there is no universal definition that would embrace all aspects of such a complex and versatile concept as “risk.” Actually, we must admit that millions of people—journalists, businessmen, scientists, professional investors, and financial services consumers who use this term daily—are still unable to give a strict and universal definition of the matter in question. This is especially striking considering that the notion of risk is the cornerstone of economics, finance, and many other related disciplines. Moreover, the same situation is observed in two other, undoubtedly fundamental, areas of scientific cognition of the material world: biology and physics. In biology, there is no universal definition of “species,” while this no....


  

You are currently reading a PREVIEW of this book.

                                                                                                                    

Get instant access to over $1 million worth of books and videos.

  

Start a Free 10-Day Trial


  
  • Safari Books Online
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint