Acts of God and man : ruminations on risk and insurance / Michael R. Powers.
By: Powers, Michael R.
New York : Columbia Business School Pub., c2014Description: xvi, 283 p. : ill. ; 24 cm.ISBN: 9780231153669 (cloth : alk. paper); 9780231153676 (paper : alk. paper).Subject(s): Risk (Insurance) | Risk managementGenre/Form: Print books.DDC classification: 368| Current location | Call number | Status | Date due | Barcode | Item holds |
|---|---|---|---|---|---|
| On Shelf | HG8054.5 .P69 2014 (Browse shelf) | Available | AU0000000001433 |
Includes bibliographical references (p. [271]-274) and index.
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.