Acts of God and man : ruminations on risk and insurance / Michael R. Powers.

Format:

Book

Author/Creator:

Powers, Michael R.

Language:

English

Subjects (All):

Risk (Insurance).

Risk management.

Physical Description:

xvi, 283 pages : illustrations ; 24 cm

Place of Publication:

New York : Columbia Business School Pub., [2012]

Contents:

Living with risk

The alpha and the omega of risk the significance of mortality

Into the unknown modeling uncertainty

The shapes of things to come probabilities and parameters

The value of experience independence and estimation

It's all in your head bayesian decision making

The realm of insurance

Aloofness and quasi-aloofness defining insurance risks

Trustworthy transfer; probable pooling financing insurance risks

God-awful guessing and bad behavior solvency and underwriting

The good, the bad, the role of risk classification

And the lawyerly liability and government compensation

Scientific challenges

What is randomness? knowable and unknowable complexity

Patterns, real and imagined observation and theory

False choices and black boxes the costs of limited data

Nullifying the dull hypothesis conventional versus personalized science

Games and the mind modeling human behavior.

Notes:

Includes bibliographical references and index.

ISBN:

9780231153669

023115366X

OCLC:

730413682