Managing risk and uncertainty : a strategic approach / Richard Friberg
Imprint
Cambridge, MA : MIT Press, [2015]
Descript
xvi, 376 pages : illustration ; 23 cm
CONTENT
A first look at risk : probability distributions -- Modeling decisions under risk : from individuals to firms -- Calculating the value of investments -- Risk management with financial instruments: the evidence -- Incomplete contracts in financial markets and evidence on the role of operational means of dealing with risk and uncertainty -- Decision trees and game theory -- Uncertainty -- Operational and financial responses to risk and uncertainty: four strategies -- Risk and unvertainty in different markets -- Operational responses -- Pricing -- Valuing projects -- Structuring informationa flows and decision processes to respond to risk and uncertainty -- Decisions based on biased estimates : errors we make on our own or as a group and some hints for limiting them