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Risk Theory - Rational Decision in the Face of Chance, Uncertainty, and Risk (Paperback, 1st ed. 2022)
Loot Price: R2,184
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Risk Theory - Rational Decision in the Face of Chance, Uncertainty, and Risk (Paperback, 1st ed. 2022)
Series: SpringerBriefs in Philosophy
Expected to ship within 10 - 15 working days
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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.
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