Risk, Uncertainty and Profit

Risk, Uncertainty and Profit PDF Author: Frank H. Knight
Publisher: Cosimo, Inc.
ISBN: 1602060053
Category : Business & Economics
Languages : en
Pages : 401

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Book Description
A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.

Risk, Uncertainty and Profit

Risk, Uncertainty and Profit PDF Author: Frank H. Knight
Publisher: Cosimo, Inc.
ISBN: 1602060053
Category : Business & Economics
Languages : en
Pages : 401

Get Book Here

Book Description
A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.

Extra Risks; Notes & Abstracts of Papers Arranged

Extra Risks; Notes & Abstracts of Papers Arranged PDF Author: Institute of actuaries students' society
Publisher:
ISBN:
Category :
Languages : en
Pages : 74

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Book Description


Terrorism Risk Assessment Instruments

Terrorism Risk Assessment Instruments PDF Author: R. Corrado
Publisher: IOS Press
ISBN: 1643681672
Category : Political Science
Languages : en
Pages : 408

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Book Description
The search for a distinct "terrorist profile" has been going on for many years, and while it is generally agreed that nobody is born a terrorist, there is plenty of disagreement about why a person might become one. Whereas personal and situational push and pull factors can be combined to determine how and why young people become involved in terrorism, preventing an individual from following a path that ends in violence without moral restraint poses an enormous challenge, especially in an open society. This book presents papers from the NATO Advanced Research Workshop titled "A Review of the Utility of Existing Terrorism Risk Assessment Instruments and Policies: Is there the Need for Possible New Approaches?", held in Berlin, Germany, on 29-30 November 2019. Researchers were asked to present papers for discussion sessions with invited participants and practitioners from a number of NATO member and partner countries. Various assessment instruments for identifying problematic individuals at an early stage were presented by experts. It was generally agreed that, due to cultural, religious and other differences, there is no simple way to identify the relatively few high-risk individuals among the larger population of politically radicalized but not necessarily violent individuals who pose no threat. Framed by an Introduction and Conclusion, the 16 chapters in the book are divided into three parts: Theory and Risk/Threat Assessment Instrument Policy Themes; Implementation of Politically Motivated Terrorism Protocols; and Personality Traits/Disorders, Anti-State Terrorism Profiles and the DSM-5 Personality Trait Instrument. This practice-oriented book will be of interest to all those tasked with protecting society from some of its most dangerous members.

Risk and Responsibility

Risk and Responsibility PDF Author: William Leiss
Publisher: McGill-Queen's Press - MQUP
ISBN: 0773511776
Category : Champs électromagnétiques
Languages : en
Pages : 423

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Book Description
Controversies over how to manage health and environmental risks are among the most bitter disagreements in contemporary society. Trying to determine what is in the public interest is at the heart of these disagreements, but the core concerns of major sectors industry, governments, and voluntary associations are also at stake. In Canada and elsewhere, defusing the controversies and finding solutions acceptable to all parties have met with little success. Risk and Responsibility attempts to explain why this is so and what might be done about it.

Social Contours of Risk

Social Contours of Risk PDF Author: Roger E Kasperson
Publisher: Routledge
ISBN: 1136557148
Category : Business & Economics
Languages : en
Pages : 343

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Book Description
We live in a 'risk society' where the identification, distribution and management of risks, from new technology, environmental factors or other sources are crucial to our individual and social existence. In The Social Contours of Risk, Volumes I and II, two of the world's leading and most influential analysts of the social dimensions of risk bring together their most important contributions to this fundamental and wide-ranging field. Volume II centres on the analysis and management of risk in society, in international business and multinationals, and globally. The 'acceptability' of risk to an individual depends on the context, whether the larger society or in, for example, a corporate framework. Their work clarifies the structures and processes for managing risks in the private sector and the factors that produce or impede effective decisions. The authors demonstrate that corporate culture is crucial in determining risk management. They analyse the transfer of corporate risk management systems from industrial to developing countries, and how globalization is spreading and creating new kinds of risk - the combination of traditional and modern hazards presented by climate change, technology transfer and economic growth. They describe the new priorities and capacities needed to deal with these enhanced vulnerabilities around the globe.

Risk Management and Governance

Risk Management and Governance PDF Author: Terje Aven
Publisher: Springer Science & Business Media
ISBN: 3642139264
Category : Science
Languages : en
Pages : 284

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Book Description
Risk is a popular topic in many sciences - in natural, medical, statistical, engineering, social, economic and legal disciplines. Yet, no single discipline can grasp the full meaning of risk. Investigating risk requires a multidisciplinary approach. The authors, coming from two very different disciplinary traditions, meet this challenge by building bridges between the engineering, the statistical and the social science perspectives. The book provides a comprehensive, accessible and concise guide to risk assessment, management and governance. A basic pillar for the book is the risk governance framework proposed by the International Risk Governance Council (IRGC). This framework offers a comprehensive means of integrating risk identification, assessment, management and communication. The authors develop and explain new insights and add substance to the various elements of the framework. The theoretical analysis is illustrated by several examples from different areas of applications.

Handbook of Risk and Crisis Communication

Handbook of Risk and Crisis Communication PDF Author: Robert L. Heath
Publisher: Routledge
ISBN: 1000153088
Category : Business & Economics
Languages : en
Pages : 665

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Book Description
The Handbook of Risk and Crisis Communication explores the scope and purpose of risk, and its counterpart, crisis, to facilitate the understanding of these issues from conceptual and strategic perspectives. Recognizing that risk is a central feature of our daily lives, found in relationships, organizations, governments, the environment, and a wide variety of interactions, contributors to this volume explore such questions as "What is likely to happen, to whom, and with what consequences?" "To what extent can science and vigilance prevent or mitigate negative outcomes?" and "What obligation do some segments of local, national, and global populations have to help other segments manage risks?", shedding light on the issues in the quest for definitive answers. The Handbook offers a broad approach to the study of risk and crisis as joint concerns. Chapters explore the reach of crisis and risk communication, define and examine key constructs, and parse the contexts of these vital areas. As a whole, the volume presents a comprehensive array of studies that highlight the standard principles and theories on both topics, serving as the largest effort to date focused on engaging risk communication discussions in a comprehensive manner. Now available in paperback, the Handbook of Risk and Crisis Communication can be readily used in graduate coursework and individual research programs. With perspectives from psychology, sociology, anthropology, political science, economics, and communication, the Handbook provides vital insights for all disciplines studying risk, and is required reading for scholars and researchers investigating risk and crisis in various contexts.

Risk Governance

Risk Governance PDF Author: Ortwin Renn
Publisher: Taylor & Francis
ISBN: 1136557970
Category : Business & Economics
Languages : en
Pages : 467

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Book Description
Risk Governance is a tour de force. Every risk manager, every risk analyst, every risk researcher must read this book - it is the demarcation point for all further advances in risk policy and risk research. Renn provides authoritative guidance on how to manage risks based on a definitive synthesis of the research literature. The skill with which he builds practical recommendations from solid science is unprecedented. Thomas Dietz, Director, Environmental Science and Policy Program, Michigan State University, USA A masterpiece of new knowledge and wisdom with illustrative examples of tested applications to realworld cases. The book is recommendable also to interested students in different disciplines as a timely textbook on 'risk beyond risk'. Norio Okada, Full Professor and Director at the Disaster Prevention Research Institute (DPRI), Kyoto University, Japan There are classic environmental works such as The Tragedy of the Commons by Hardin, Risk Society by Beck, The Theory of Communicative Action by Habermas, and the seminal volumes by Ostrom on governing the commons. Renns book fits right into this series of important milestones of environmental studies. Jochen Jaeger, Professor at Concordia University, Montreal, Canada Risk Governance provides a valuable survey of the whole field of risk and demonstrates how scientific, economic, political and civil society actors can participate in inclusive risk governance. Jobst Conrad, Senior Scientist, Social Science Research Center Berlin, Germany Renn offers a remarkably fair-minded and systematic approach to bringing together the diverse fields that have something to say about 'risk'. Risk Governance moves us along the path from the noisy, formative stage of thinking about risk to one with a stronger empirical, theoretical, and analytical foundation. Baruch Fischhoff, PhD, Howard Heinz University Professor, Carnegie Mellon University, Pittsburgh, USA 'I cannot describe how impressed I am at the breadth and coherence of Renn's career's work! Written with remarkable clarity and minimal technical jargon... [this] should be required reading in risk courses!' John Graham, former director of the Harvard Risk Center and former deputy director of the Office of Budget and Management of the Unites States Administration This book, for the first time, brings together and updates the groundbreaking work of renowned risk theorist and researcher Ortwin Renn, integrating the major disciplinary concepts of risk in the social, engineering and natural sciences. The book opens with the context of risk handling before flowing through the core topics of assessment, evaluation, perception, management and communication, culminating in a look at the transition from risk management to risk governance and a glimpse at a new understanding of risk in (post)modern societies.

Science, Risk, and Policy

Science, Risk, and Policy PDF Author: Andrew J. Knight
Publisher: Routledge
ISBN: 1317280806
Category : Political Science
Languages : en
Pages : 257

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Book Description
For decades, experts and the public have been at odds over the nature and magnitude of risks and how they should be mitigated through policy. Experts argue that the fears of the public are irrational, and that public policy should be based on sound science. The public, on the other hand, is skeptical of experts, and believe policy should represent their interests. How do policy analysts make sense of these competing views? Science, Risk and Policy answers this question by examining how people evaluate evidence, how science is conducted, and how a multi-disciplinary framework to risk can inform policy by bridging the gap between experts and the public. This framework is then applied to four case studies: pesticides, genetically engineered foods, climate change, and nuclear power. By tracing the history of the science, policies and regulations, and evaluating arguments made about these risks, Andrew J. Knight provides a guide to understand how experts and the public view risks.

The Social Contours of Risk: Risk analysis, corporations and the globalization of risk

The Social Contours of Risk: Risk analysis, corporations and the globalization of risk PDF Author: Jeanne X. Kasperson
Publisher: Earthscan
ISBN: 1844071758
Category : Business & Economics
Languages : en
Pages : 343

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Book Description
The Social Contours of RiskVolume I: Publics, Risk Communication and the Social Amplification of RiskWe live in a 'risk society' where the identification, distribution and management of risks, from new technology, environmental factors or other sources are crucial to our individual and social existence. In The Social Contours of Risk, Volumes I and II, two of the world's leading and most influential analysts of the social dimensions of risk bring together their most important contributions to this fundamental and wide-ranging field.Volume I collects their fundamental work on how risks are communicated among different publics and stakeholders, including local communities, corporations and the larger society. It analyses the problems of lack of transparency and trust, and explores how even minor effects can be amplified and distorted through media and social responses, preventing effective management. The final section investigates the difficult ethical issues raised by the unequal distribution of risk depending on factors such as wealth, location and genetic inheritance - with examples from worker and public protection, facility-siting conflicts, transporting hazardous waste and widespread impacts such as climate change.