The Known, the Unknown, and the Unknowable in Financial Risk Management : Measurement and Theory Advancing Practice

edited by Francis X. Diebold, Neil A. Doherty, Richard J. Herring

A clear understanding of what we know, don't know, and can't know should guide any reasonable approach to managing financial risk, yet the most widely used measure in finance today--Value at Risk, or VaR--reduces these risks to a single number, creating a false sense of security among risk managers, executives, and regulators. This book introduces a more realistic and holistic framework called KuU--the Known, the unknown, and the Unknowable--that enables one to conceptualize the different kinds of financial risks and design effective s

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Year of publication:	2010
Other Persons:	Diebold, Francis X. (contributor) ; Doherty, Neil A. (contributor) ; Herring, Richard J. (contributor)
Publisher:	Princeton, N.J : Princeton University Press
Subject:	Risikomanagement \| Risk management \| Entscheidung unter Unsicherheit \| Decision under uncertainty \| Entscheidung unter Risiko \| Decision under risk \| Finanzmarkt \| Financial market \| Finanzmanagement
Description of contents:	Table of Contents [external.dandelon.com] ; Description [degruyter.com] ; Description [degruyter.com] ; Description [zbmath.org] ; Description [degruyter.com]

Extent:	Online-Ressource (viii, 380 p)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Aufsatzsammlung
Language:	English
Notes:	Includes bibliographical references and index Risk : a decision maker's perspective / Clive W.J. GrangerMild vs. wild randomness : focusing on those risks that matter / Benoit B. Mandelbrot and Nassim Nicholas Taleb -- The term structure of risk, the role of known and unknown risks, and nonstationary distributions / Riccardo Colacito and Robert F. Engle -- Crisis and noncrisis risk in financial markets : a unified approach to risk management / Robert H. Litzenberger and David M. Modest -- What we know, don't know, and can't know about bank risk : a view from the trenches / Andrew Kuritzkes and Til Schuermann -- Real estate through the ages : the known, the unknown, and the unknowable / Ashok Bardhan and Robert H. Edelstein -- Reflections on decision-making under uncertainty / Paul R. Kleindorfer -- On the role of insurance brokers in resolving the known, the unknown, and the unknowable / Neil A. Doherty and Alexander Muermann -- Insuring against catastrophes / Howard Kunreuther and Mark V. Pauly -- Managing increased capital markets intensity : the chief financial officer's role in navigating the known, the unknown, and the unknowable / Charles N. Bralver and Daniel Borge -- The role of corporate governance in coping with risk and unknowns / Kenneth E. Scott -- Domestic banking problems / Charles A.E. Goodhart -- Crisis management : the known, the unknown, and the unknowable / Donald L. Kohn -- Investing in the unknown and unknowable / Richard J. Zeckhauser. In English
ISBN:	978-1-4008-3528-7 ; 0-691-12883-9 ; 978-0-691-12883-2 ; 0-691-12883-9 ; 978-0-691-12883-2
Other identifiers:	10.1515/9781400835287 [DOI]
Classification:	Investition, Finanzierung
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014487815