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作者 Hoffmann, Christian Hugo, author
書名 Assessing risk assessment : towards alternative risk measures for complex financial systems / by Christian Hugo Hoffmann
出版項 Wiesbaden : Springer Fachmedien Wiesbaden : Imprint: Springer Gabler, 2017
國際標準書號 9783658200329 (electronic bk.)
9783658200312 (paper)
國際標準號碼 10.1007/978-3-658-20032-9 doi
book jacket
說明 1 online resource (xiv, 377 pages) : illustrations, digital ; 24 cm
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
text file PDF rda
附註 Christian Hugo Hoffmann undermines the citadel of risk assessment and management, arguing that classical probability theory is not an adequate foundation for modeling systemic and extreme risk in complex financial systems. He proposes a new class of models which focus on the knowledge dimension by precisely describing market participants' own positions and their propensity to react to outside changes. The author closes his thesis by a synthetical reflection on methods and elaborates on the meaning of decision-making competency in a risk management context in banking. By choosing this poly-dimensional approach, the purpose of his work is to explore shortcomings of risk management approaches of financial institutions and to point out how they might be overcome. Contents Concepts, Model Level and Risk Assessment The Transition to the Decision Level, Risk Assessment and Management In Search of a New Paradigm: The Third Way as a Road to Logic-Based Risk Modeling (LBR) Meta Level: Thinking about Thinking and Practices - What it Means to Reach Effective Risk Management Decisions Target Groups Researchers, academics, and students in the fields of finance and management Risk professionals, consultants, analysts, politicians in the fields of economic and financial policy The Author Christian Hugo Hoffmann completed his doctoral studies at the University of St. Gallen and Yale University. He co-founded a financial risk management start-up which translates these theoretical results into practical impact
Host Item Springer eBooks
主題 Banks and banking -- Risk assessment
Financial risk management
Economic Theory/Quantitative Economics/Mathematical Methods
Financial Crises
Risk Management
Alt Author SpringerLink (Online service)
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