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Author:   Terje Aven (University of Stavanger, Norway)
Publisher:   John Wiley & Sons Inc
Imprint:   John Wiley & Sons Inc
Dimensions:   Width: 16.40cm , Height: 1.90cm , Length: 23.10cm
Weight:   0.539kg
ISBN:  

9780470683880

ISBN 10:   0470683880
Pages:   264
Publication Date:   12 January 2010
Audience:   College/higher education ,  Professional and scholarly ,  Postgraduate, Research & Scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Out of stock  
The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available.

Table of Contents

Preface. Acknowledgements. 1 Risk is Equal to the Expected Value. 2 Risk is a Probability or Probability Distribution. 3 Risk Equals a Probability Distribution Quantile (Value-at-Risk). 4 Risk Equals Uncertainty. 5 Risk is Equal to an Event. 6 Risk Equals Expected Disutility. 7 Risk is Restricted to the Case of Objective Probabilities. 8 Risk is the Same as Risk Perception. 9 Risk Relates to Negative Consequences Only. 10 Risk is Determined by the Historical Data. 11 Risk Assessments Produce an Objective Risk Picture. 12 There are Large Inherent Uncertainties in Risk Analyses. 13 Model Uncertainty Should be Quantified. 14 It is Meaningful and Useful to Distinguish between Stochastic and Epistemic Uncertainties. 15 Bayesian Analysis is Based on the Use of Probability Models and Bayesian Updating. 16 Sensitivity Analysis is a Type of Uncertainty Analysis. 17 The Main Objective of Risk Management is Risk Reduction. 18 Decision-Making Under Uncertainty Should be Based on Science (Analysis). 19 The Precautionary Principle and Risk Management Cannot be Meaningfully Integrated. 20 Conclusions. Index.

Reviews

Therefore it is enjoyably readable by a wide audience, by virtue of the efficacy of a simple - even if accurate and rigorous - treatment of conceptually advanced issues. (Zentralblatt MATH, 2011)<p>

""Therefore it is enjoyably readable by a wide audience, by virtue of the efficacy of a simple - even if accurate and rigorous - treatment of conceptually advanced issues."" (Zentralblatt MATH, 2011)  

Author Information

Terje Aven, University of Stavanger, Norway.?Terje Aven is Professor of risk management and the Principal Researcher at the International Research Institute of Stavanger (IRIS). He's worked both in industry (5 years) and academia (20 years). In that time he has participated in, and led, many safety and risk related projects, and has won several awards for both research and teaching. He has published numerous papers in international journals and has authored several books.

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