Most risk mitigation activities involve technological uncertainty (TU) because their effectiveness depends on exogenous … optimal level of risk mitigation via two channels: a preference channel and a technology channel. We identify conditions that … conditions involve prudence, relative risk aversion and relative prudence as well as several new measures of technological …

"Preface I did not want to write this book. I wanted to buy it. Risk analysis is mature enough that it needs a … principles text. There are many wonderful books available on the subject of risk. In fact, for years, in the training I have done … students and professionals to the integrated topic of risk analysis. I never found it. So, I decided to go ahead and write it …