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Risk Analysis for the Digital Age (Hardcover, 1st ed. 2023)
Loot Price: R4,324
Discovery Miles 43 240
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Risk Analysis for the Digital Age (Hardcover, 1st ed. 2023)
Series: Studies in Systems, Decision and Control, 219
Expected to ship within 12 - 17 working days
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This book presents a foray into the fascinating process of risk
management, beginning from classical methods and approaches to
understanding risk all the way into cutting-age thinking. Risk
management by necessity must lie at the heart of governing our ever
more complex digital societies. New phenomena and activities
necessitate a new look at how individuals, firms, and states manage
the uncertainty they must operate in. Initial chapters provide an
introduction to traditional methods and show how they can be built
upon to better understand the workings of the modern economy. Later
chapters review digital activities and assets like cryptocurrencies
showing how such emergent risks can be conceptualized better.
Network theory figures prominently and the book demonstrates how it
can be used to gauge the risk in the digital sectors of the
economy. Predicting the unpredictable black swan events is also
discussed in view of a wider adoption of economic simulations. The
journey concludes by looking at how individuals perceive risk and
make decisions as they operate in a virtual social network. This
book interests the academic audience, but it also features insights
and novel research results that are relevant for practitioners and
policymakers.
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