Modeling, Measuring And Managing Risk

Discover the essential insights into risk management with Modeling, Measuring And Managing Risk by Georg Ch Pflug. Published by World Scientific Publishing Co Pte Ltd in 2007, this comprehensive hardback edition spans 304 pages, making it an invaluable resource for professionals in business, economics, and finance.

This book expertly combines the properties of risk measures with critical decision-making strategies under risk. It introduces the theory of risk measures in a mathematically rigorous manner, providing readers with essential properties, characterizations, and representations of risk functionals applicable to both single-period and multi-period activities. Perfect for those involved in risk assessment and management, Modeling, Measuring And Managing Risk is a must-have for anyone looking to deepen their understanding of mathematical modeling and statistical methods in the context of risk analysis.