Acts of God and Man : Ruminations on Risk and Insurance. (eBook, 2014) [WorldCat.org]
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Acts of God and Man : Ruminations on Risk and Insurance.

Author: Michael Powers
Publisher: New York : Columbia University Press Jan. 2014.
Series: Columbia Business School Publishing Ser.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Annotation

Much has been written about the ups and downs of financial markets, yet there exists a more fundamental source of uncertainty in today's world: the insurance risks posed by earthquakes, storms, and other disasters. This is a guide through the methods available for identifying such risks and financing their consequences.

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Details

Genre/Form: Electronic book
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Michael Powers
ISBN: 9780231153676 0231153678
OCLC Number: 1055353664
Target Audience: Scholarly & Professional; 17
Description: 1 online resource (304 pages) : illustrations.
Contents: Intro --
Contents --
Foreword --
Preface --
Acknowledgments --
Part 1. Living with Risk --
1. The Alpha and the Omega of Risk: The Significance of Mortality --
2. Into the Unknown: Modeling Uncertainty --
3. The Shapes of Things to Come: Probabilities and Parameters --
4. The Value of Experience: Independence and Estimation --
5. It's All in Your Head: Bayesian Decision Making --
Part 2. The Realm of Insurance --
6. Aloofness and Quasi-Aloofness: Defining Insurance Risks --
7. Trustworthy Transfer --
Probable Pooling: Financing Insurance Risks --
8. God-Awful Guessing and Bad Behavior: Solvency and Underwriting --
9. The Good, the Bad, . . . The Role of Risk Classification --
10. . . . And the Lawyerly: Liability and Government Compensation --
Part 3. Scientific Challenges --
11. What is Randomness? Knowable and Uknowable Complexity --
12. Patterns, Real and Imagined: Observation and Theory --
13. False Choices and Black Boxes: The Costs of Limited Data --
14. Nullifying the Dull Hypothesis: Conventional Versus Personalized Science --
15. Games and the Mind: Modeling Human Behavior --
Notes --
Author's Editorials and Other Writings --
Bibliography --
Index.
Series Title: Columbia Business School Publishing Ser.

Abstract:

Annotation

Much has been written about the ups and downs of financial markets, yet there exists a more fundamental source of uncertainty in today's world: the insurance risks posed by earthquakes, storms, and other disasters. This is a guide through the methods available for identifying such risks and financing their consequences.

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