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Books > Reference & Interdisciplinary > Communication studies > Decision theory
An agent often does not have precise probabilities or utilities to guide resolution of a decision problem. I advance a principle of rationality for making decisions in such cases. To begin, I represent the doxastic and conative state of an agent with a set of pairs of a probability assignment and a utility assignment. Then I support a decision principle that allows any act that maximizes expected utility according to some pair of assignments in the set. Assuming that computation of an option's expected utility uses comprehensive possible outcomes that include the option's risk, no consideration supports a stricter requirement.
Boost your financial health so you're ready for any economic or personal upheaval Crisis is inevitable--but it doesn't have to torpedo your finances! Financial Security For Dummies offers proven advice to help you prep your finances for the next economic downturn, personal setback, pandemic, plague of locusts--or anything else life throws your way. This book contains the historical perspective and up-to-date info you'll need to anticipate, understand, and navigate a wide range of personal financial challenges. If your monthly income and expenses are on steady ground and you're ready to secure your financial future, this is the For Dummies guide for you. Not only will you create a plan to keep your family's finances afloat during turbulent times, but you'll also be liberated from the pressure to "keep up with the Joneses" so you can make smarter financial decisions, starting today. This book will help you: Gain an understanding of how unforeseen personal or global events could affect your financial life Learn strategies for protecting your assets when economic downturns and other emergencies occur Feel confident in your unique path to financial freedom so you can remain calm when life takes an unexpected turn Build a survival plan for protecting yourself with broader safety nets, better money decisions, and improved financial literacy Whether you want to reduce your stress surrounding your financial goals or take advantage of financial opportunities crises create, Financial Security For Dummies will equip you to navigate financial challenges and ultimately achieve peace of mind.
International Health and Safety at Work has been specially written in simple English for the thousands of students who complete the NEBOSH International General Certificate in Health and Safety each year. Fully revised in alignment with the 2019 syllabus, this fourth edition provides students with all they need to tackle the course with confidence. Clear, easily accessible information is presented in full colour, with discussion of essential principles such as ILO and OSH conventions as well as legal frameworks from a range of countries. The book features practice questions and answers to test knowledge and increase understanding. International Health and Safety at Work remains the most effective tool for those working to fit international health and safety standards to local needs and practice.
This book arose out of a conference on "Epistemic Logic and the Theory of Games and Decisions" that took place in January 1994 at the Centre Inter- national de Recherches Mathematiques in Marseille. The convergence of game theory and epistemic logic has been in progress for two decades. The aim of the conference was to explore this rapprochement further by gathering spe- cialists from different professional communities, i. e. , economics, mathematics, philosophy, and computer science. Also, the organizors aimed at fostering the work centered on the issues of knowledge and belief that has recently been pursued amongst game theorists and decision theorists. The conference was funded by the following institutions: Centre National de la Recherche Sci- entifique (France), Ministere de l'Enseignement Superieur et de la Recherche (France), Association pour Ie Developpement de la Recherche en Economie et Statistique (France). It was also supported by the Human Capital and Mobility Programme of the EU, as well as, locally, by the Ville de Marseille. We would like to express our gratitude to these institutions for their generous help. Despite the success of the conference, it was not the editors' intention to circulate just another volume of proceedings in the usual style. Throughout the more than two-year editorial process, they have pursued the goal of providing a no doubt non-exhaustive, but hopefully thorough and accurate, state of the art account of a promising field of research.
A framework for formalizing risk management thinking in today's complex business environment Security Risk Management Body of Knowledge details the security risk management process in a format that can easily be applied by executive managers and security risk management practitioners. Integrating knowledge, competencies, methodologies, and applications, it demonstrates how to document and incorporate best-practice concepts from a range of complementary disciplines. Developed to align with International Standards for Risk Management?such as ISO 31000?it enables professionals to apply security risk management (SRM) principles to specific areas of practice. Guidelines are provided for: Access Management; Business Continuity and Resilience; Command, Control, and Communications; Consequence Management and Business Continuity Management; Counter-Terrorism; Crime Prevention through Environmental Design; Crisis Management; Environmental Security; Events and Mass Gatherings; Executive Protection; Explosives and Bomb Threats; Home-Based Work; Human Rights and Security; Implementing Security Risk Management; Intellectual Property Protection; Intelligence Approach to SRM; Investigations and Root Cause Analysis; Maritime Security and Piracy; Mass Transport Security; Organizational Structure; Pandemics; Personal Protective Practices; Psych-ology of Security; Red Teaming and Scenario Modeling; Resilience and Critical Infrastructure Protection; Asset-, Function-, Project-, and Enterprise-Based Security Risk Assessment; Security Specifications and Postures; Security Training; Supply Chain Security; Transnational Security; and Travel Security. Security Risk Management Body of Knowledge is supported by a series of training courses, DVD seminars, tools, and templates. This is an indispensable resource for risk and security professional, students, executive management, and line managers with security responsibilities.
As there is a need for careful analysis in a world where threats are growing more complex and serious, you need the tools to ensure that sensible methods are employed and correlated directly to risk. Counter threats such as terrorism, fraud, natural disasters, and information theft with the Fourth Edition of "Risk Analysis and the Security Survey. "Broder and Tucker guide you throughanalysis toimplementationto provide you with the know-how to implement rigorous, accurate, and cost-effective security policies and designs. This book builds on the legacy of its predecessors by updating and covering new content. Understand the most fundamental theories surrounding risk control, design, and implementation by reviewing topics such as cost/benefit analysis, crime prediction, response planning, and business impact analysis--all updated to match today's current standards. This book will show you how to develop and maintain current
business contingency and disaster recovery plans to ensure your
enterprises are able to sustain loss are able to recover, and
protect your assets, be it your business, your information, or
yourself, from threats. *Offers powerful techniques for weighing and managing the risks that face your organization *Gives insights into universal principles that can be adapted to specific situations and threats *Covers topics needed by homeland security professionals as well as IT and physical security managers"
What if you had the power to change ANYTHING in your life? Finances, Health, Happiness, even your DNA. Mind Change will help give you the tools to tap into the tremendous potential of the Mind/Body connection. In a world full of "life hacks," you can finally learn how to "hack" into the biochemistry of your brain. The information within this book has helped countless people transform their lives by changing their minds. After finding herself at death's door and then healing from numerous "incurable" diseases, Heather McKean was on a mission to help empower others to have their own success story. After diving into the cutting edge information on neuroplasticity, epigenetics, psychoneuroimmunology and more...Mind Change takes key research and ideas and makes them practical and easy to digest. Using concepts from Neuro-Linguistic Programming, Hypnosis, EMDR, EFT, and many other useful tools, Mind Change takes all of the best information and slims it down into a few fast and easy-to-follow steps. Whether you have "tried everything" and you are still stuck in pain, dis-ease, depression, bad relationships, addiction or you are simply not living your BEST life; Mind Change will enable you to live a healthier and happier life. If you are tired of living in a powerless or victimized state and you are ready to challenge everything you thought you knew, then Mind Change is for you! Are you ready to change your mind? It's time to explore the newest and most unfamiliar territory known to man...the landscape of our mind. See you on the other side!
Researchers have revealed that real expertise, while applied to
well-defined tasks with highly circumscribed contexts, often
stretches beyond its routine boundaries. For example, a medical
doctor may be called upon to diagnose a rare disease or perform
emergency surgery outside his or her area of specialization because
other experts are not available. Moreover, in some cases, the
context for expertise is in a constant state of flux, such that no
one case is identical. "Expertise Out of Context "is a culmination
of some of the most insightful studies conducted by researchers in
the fields of cognitive systems engineering and naturalistic
decision making in the effort to better understand expertise and
its development.
If you have ever had the opportunity to observe a master craftsperson at work, one of the first things you will notice is how easy they make their work look. This principle applies to artists, athletes, plumbers and painters. It also applies to teachers. If you were fortunate enough to have some master teachers in your K to 12 schooling or for your university student teaching, you will have seen this principle at work. You will recall how easy they made teaching look. For the most part, their classes just flowed. The teacher would ask the students to do something, and the students did it. The teacher would cue the kids to transition into a new activity, and the kids transitioned. There was little conflict, few arguments, and the vast majority of classroom time was spent engaged in learning. It is a pleasure to observe these kinds of behaviors in the classrooms of master teachers, but this leaves us with an important question: how do they do it? Just how did these teachers get their students to be so cooperative and have their classroom running so smoothly? That is what THE SUCCESSFUL TEACHER'S SURVIVAL KIT: 83 simple things that successful teachers do to thrive in the classroom will show you - the kinds of things that master teachers do to make their classes work - both for themselves and for their students. You too can become a master teacher. This book will show you how.
A new playbook for effective crisis management in higher education. Unlike other industries, in higher education an institution's most important asset is its reputation. Yet as fundamental as it is, many leaders continue to view managing reputation as dishonest and counterproductive, a suspect process that undermines the very idea of reputation as an organic outcome of reality. When leadership credibility is on the line, though, and an institution's reputation is facing potentially irreparable damage, the concept of reputational risk moves from being nebulous to all too tangible. In Preventing Crises at Your University, Simon Barker demonstrates how critical it is for colleges and universities to align strategy and values with decision-making during times of crisis. Arguing that leaders must stop considering the discussion of reputational risk as unseemly, he demonstrates that this discussion is in fact a strategic imperative for every leader. Significant reputational damage, Barker asserts, is not the inevitable outcome of a crisis but of a poor response. Defining a new crisis leadership playbook to deal with self-inflicted crises, he also * explains what typically goes wrong in a crisis; * describes how to prevent crises from escalating; * demonstrates how a stakeholder-centric model of communications can help mitigate reputational damage; and * introduces a number of original concepts, including a Reputational Risk Management Framework, a Reputational Risk Maturity Model, and a Culture and Capability matrix. Moving beyond the theoretical by presenting case studies of real crises involving sexual assault, freedom of speech, student protests, faculty misconduct, and a broad range of financial, social, and ethical issues, the book highlights and underscore key concepts around effective management of reputational risk. Ultimately, Preventing Crises at Your University serves as a wake-up call for all higher education leaders and board members.
This textbook presents key theoretical approaches to understanding issues of sustainability and environmental management, perfectly bridging the gap between engineering and environmental science. It begins with the fundamentals of environmental modelling and toxicology, which are then used to discuss qualitative and quantitative risk assessment methods, and environmental assessments of product design. It discusses how business and government can work towards sustainability, focusing on managerial and legal tools, before considering ethics and how decisions on environmental management can be made. Students will learn quantitative methods while also gaining an understanding of qualitative, legal, and ethical aspects of sustainability. Practical applications are included throughout, and there are study questions at the end of each chapter. PowerPoint slides and jpegs of all the figures in the book are provided online. This is the perfect textbook on environmental studies for engineering and applied science students.
Recent legal developments challenge how valid the concept of mental capacity is in determining whether individuals with impairments can make decisions about their care and treatment. Kong defends a concept of mental capacity but argues that such assessments must consider how relationships and dialogue can enable or disable the decision-making abilities of these individuals. This is thoroughly investigated using an interdisciplinary approach that combines philosophy and legal analysis of the law in England and Wales, the European Court of Human Rights, and the United Nations Convention on the Rights of Persons with Disabilities. By exploring key concepts underlying mental capacity, the investigation concludes that both primary relationships and capacity assessments themselves must display key competencies to ensure that autonomy skills are promoted and encouraged. This ultimately provides scope for justifiable interventions into disabling relationships and articulates the dialogical practices that help better situate, interpret, and understand the choices and actions of individuals with impairments.
Optimization methods play a central role in financial modeling. This textbook is devoted to explaining how state-of-the-art optimization theory, algorithms, and software can be used to efficiently solve problems in computational finance. It discusses some classical mean-variance portfolio optimization models as well as more modern developments such as models for optimal trade execution and dynamic portfolio allocation with transaction costs and taxes. Chapters discussing the theory and efficient solution methods for the main classes of optimization problems alternate with chapters discussing their use in the modeling and solution of central problems in mathematical finance. This book will be interesting and useful for students, academics, and practitioners with a background in mathematics, operations research, or financial engineering. The second edition includes new examples and exercises as well as a more detailed discussion of mean-variance optimization, multi-period models, and additional material to highlight the relevance to finance.
This book provides a perspective on a number of financial
modelling analytics and risk management. The book begins with
extensive outline of GLM estimation techniques combined with the
proof of its fundamental results. Applications of static and
dynamic models provide a unified approach to the estimation of
nonlinear risk models. The book then examines the definition of
risks and their management, with particular emphasis on the
importance of bi-modal distributions for financial regulation.
Chapters also cover the implications of stress testing and the
noncyclical CAR (Capital Adequacy Rule). The next section
highlights financial modelling analytic approaches and techniques
including an overview of memory based financial models, spanning
non-memory models, long run and short memory. Applications of these
models are used to highlight their variety and their importance to
Financial Analytics. Subsequent chapters offer an extensive
overview of multi-fractional models and their important
applications to Asset price modeling (from Fractional to
Multi-fractional Processes), and a look at the binomial pricing
model by discussing the effects of memory on the pricing of asset
prices. The book concludes with an examination of an algorithmic
future perspective to real finance. The chapters in "Future Perspectives in Risk Models and Finance" are concerned with both theoretical and practical issues. Theoretically, financial risks models are models of certainty, based on information and rules that are both available and agree to by their user. Empirical and data finance however, has provided a bridge between theoretical constructs risks models and the empirical evidence that these models entail. Numerous approaches are then used to model financial risk models, emphasizing mathematical and stochastic models based on the fundamental theoretical tenets of finance and others departing from the fundamental assumptions of finance. The underlying mathematical foundations of these risks models provide a future guideline for risk modeling. Both static and dynamic risk models are then considered. The chapters in this book provide selective insights and developments, that can contribute to a greater understanding the complexity of financial modelling and its ability to bridge financial theories and their practice. Risk models are models of uncertainty, and therefore all risk models are an expression of perceptions, priorities, needs and the information we have. In this sense, all risks models are complex hypotheses we have constructed and based on what we have or believe . Risk models are then challenged by their definition, are risk definition defining in fact prospective risks? By their estimation, what data can we apply to estimate risk processes and how can we do so? How should we use the data and the models at hand for useful and constructive end. "
To meet the needs of today, engineered products and systems are an important element of the world economy, and each year billions of dollars are spent to develop, manufacture, operate, and maintain various types of products and systems around the globe. This book integrates and combines three of those topics to meet today's needs for the engineers working in these fields. This book provides a single volume that considers reliability, maintainability, and safety when designing new products and systems. Examples along with their solutions are placed at the end of each chapter to test readers' comprehension. The book is written in a manner that readers do not need any previous knowledge of the subject, and many references are provided. This book is also useful to many people, including design engineers, system engineers, reliability specialists, safety professionals, maintainability engineers, engineering administrators, graduate and senior undergraduate students, researchers, and instructors.
Assessment of risk and uncertainty is crucial for natural hazard risk management, facilitating risk communication and informing strategies to successfully mitigate our society's vulnerability to natural disasters. Written by some of the world's leading experts, this book provides a state-of-the-art overview of risk and uncertainty assessment in natural hazards. It presents the core statistical concepts using clearly defined terminology applicable across all types of natural hazards and addresses the full range of sources of uncertainty, the role of expert judgement and the practice of uncertainty elicitation. The core of the book provides detailed coverage of all the main hazard types and concluding chapters address the wider societal context of risk management. This is an invaluable compendium for academic researchers and professionals working in the fields of natural hazards science, risk assessment and management and environmental science, and will be of interest to anyone involved in natural hazards policy.
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