Robust Simulation for Mega-Risks: The Path from Single-Solution to Competitive, Multi-Solution Methods for Mega-Risk Management (Paperback)
  • Robust Simulation for Mega-Risks: The Path from Single-Solution to Competitive, Multi-Solution Methods for Mega-Risk Management (Paperback)
zoom

Robust Simulation for Mega-Risks: The Path from Single-Solution to Competitive, Multi-Solution Methods for Mega-Risk Management (Paperback)

(author)
£69.99
Paperback 164 Pages / Published: 23/08/2016
  • We can order this

Usually dispatched within 3 weeks

  • This item has been added to your basket

This book introduces a new way of analyzing, measuring and thinking about mega-risks, a "paradigm shift" that moves from single-solutions to multiple competitive solutions and strategies. "Robust simulation" is a statistical approach that demonstrates future risk through simulation of a suite of possible answers. To arrive at this point, the book systematically walks through the historical statistical methods for evaluating risks. The first chapters deal with three theories of probability and statistics that have been dominant in the 20th century, along with key mathematical issues and dilemmas. The book then introduces "robust simulation" which solves the problem of measuring the stability of simulated losses, incorporates outliers, and simulates future risk through a suite of possible answers and stochastic modeling of unknown variables. This book discusses various analytical methods for utilizing divergent solutions in making pragmatic financial and risk-mitigation decisions. The book emphasizes the importance of flexibility and attempts to demonstrate that alternative credible approaches are helpful and required in understanding a great many phenomena.

Publisher: Springer International Publishing AG
ISBN: 9783319369075
Number of pages: 164
Weight: 2934 g
Dimensions: 235 x 155 mm
Edition: Softcover reprint of the original 1st ed. 201

You may also be interested in...

Let Not the Waves of the Sea
Added to basket
Zeitoun
Added to basket
£9.99
Paperback
Fire Season
Added to basket
£8.99
Paperback
Isaac's Storm
Added to basket
£11.99
Paperback
The Resilience Dividend
Added to basket
Global Catastrophic Risks
Added to basket
Voices from the Storm
Added to basket
£12.99
Paperback
Tornadoes
Added to basket
£4.50
Paperback
The Wave
Added to basket
£9.99
Paperback
Volcanoes
Added to basket
£46.99
Paperback
Spills and Spin
Added to basket
£10.99
Paperback
The 2014 Somerset Floods
Added to basket

Reviews

Please sign in to write a review

Your review has been submitted successfully.